The Study of Influence of the Accuracy of Information in Bayesian Decision Analysis

Ji Ping YANG;Wan Hua QIU;Chun Ping WEI

Systems Engineering - Theory & Practice ›› 2000, Vol. 20 ›› Issue (7) : 41-44.

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PDF(227 KB)
Systems Engineering - Theory & Practice ›› 2000, Vol. 20 ›› Issue (7) : 41-44. DOI: 10.12011/1000-6788(2000)7-41
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The Study of Influence of the Accuracy of Information in Bayesian Decision Analysis

  • Ji Ping YANG,Wan Hua QIU,Chun Ping WEI
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Abstract

In this paper, new computing formulas of maximal expected monetary value $EMV^*_s$ are derived. The definition of quantity of sample information is given. The properties of conditional entropy, information quantity and EVSI of sample information with the distinct accuracy are discussed. Some conclusions are also obtained that the conditional entropy of complete information reaches the minimum,the quantity of sample information and EVSI the maximum, and that the condition entropy of uniform information r...

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the accuracy of sample information / the condition entropy of sample information / the quantity of sample information

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Ji Ping YANG , Wan Hua QIU , Chun Ping WEI. The Study of Influence of the Accuracy of Information in Bayesian Decision Analysis. Systems Engineering - Theory & Practice, 2000, 20(7): 41-44 https://doi.org/10.12011/1000-6788(2000)7-41
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