Economic evaluation of management information systems

Authors:
D. F. Boyd;H. S. Krasnow
Affiliations:
Systems Methodology and Programming Laboratory, Mohansic, New York;Systems Methodology and Programming Laboratory, Mohansic, New York
Venue:
IBM Systems Journal
Year:
1963

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Abstract

A method of representing the gross characteristics of an information system within a dynamic model of the firm is presented. The performance of the firm and, indirectly, that of the information system is measured in accordance with usual financial accounting practice. The procedure is demonstrated by simulations (programmed using a general purpose simulator) conducted with a specific model of a hypothetical manufacturing firm.