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2.An information evaluation |prejet draft program

An information gets an increasing importdrnce in today 's world, since
it represents da link between the reality and decision makers'existence,
So far, it has bemn thought that the success in developing and improving
a particular decision maker: 's decision mostly depends on the  guantity
(or volume ) of information available ; a good example of this is given by
MIS Copenhagen Conference(1970) .The entusiasm of senethies  somn showed ka
the dangers of being a straithforwasd advocate of extensive MIS apart from the
sfhocking costs occured within these projects, Thus, MIS have studied from
additional naaspects, like H.R. Morris JNCC, 197l),Lanzefors (1977) and
Chrysler (1980).

Thus, gradually a concept of information economics has stepped forward,
although  Prielink (1965) could be considered as a pioneer of the concept
of economics in information processing, Evaluation of tnformation systems
was treated as an analogy of production system (see Morris) and later on,
a concept of rate of investment principlestarted to appear as a tool of meajrini
the goodness of isformation systems with respect to business system supported
by such an information system, Increading complexity of business systems
led to an increasing complexity of information system and thus ROI pftinciple
primarily based on cost-benefit analysis (CBA) started loosing its analytical
power, The ROI principle , apart from CBA, adopted new concepts like value
linking,value acceleration, value restructuring, innovation and investment
valuation(Parker and Benson, see Datamation , Dec l, 1987), All of these exten-
sions rest upon a value as an economic categorx, mostly in an indirect way,
Thus, we are forced to face a set of financial terms and financial technigues
in order to evaluate information system, There are two problems which make us
concerned with information economics :
a) since an information system can be reduced to a set of information proces-
ses (with correponding set of induced "non-information" processes) and, further-
more, sn information process can be decomposed into "stage" information set,
me canjavoid such evaluation co ponents of information which do not posses
a financial term as a means of |evaluation;
b) due to Parker and Benson, for example, the increasing level of "pragma"
has made us to expand the classical term of value towards items , like
enhanced wievs of retum on invesment,strategic mateh, competitive advantage,
management adrxuiaga information, competitive response and strategic IS
architecture, all of which embrace the elemnts which are not measurable in .