PROCESSING AND TRANSMITTING INFORMATION, GIVEN A PAY-OFF FUNCTION

An information system is defined as a chain of information services, encoding (processing)...transmitting...decoding (deciding). Each service is a transformer represented, in general, by a stochastic matrix and a cost function. The inputs of 'encoding' are the pay-off-relevant events. Acti...

Full description

Saved in:
Bibliographic Details
Main Author: Pham-Huu-Tri, Henri M
Format: Report
Language:English
Subjects:
Administration and Management
CODING
COSTS
Cybernetics
DECODING
ECONOMICS
INFORMATION THEORY
MANAGEMENT INFORMATION SYSTEMS
MANAGEMENT PLANNING AND CONTROL
MOTIVATION
STOCHASTIC PROCESSES
THEOREMS
THESES
UTILITY FUNCTIONS
Online Access:Request full text
Tags: Add Tag
No Tags, Be the first to tag this record!
Description
Summary:An information system is defined as a chain of information services, encoding (processing)...transmitting...decoding (deciding). Each service is a transformer represented, in general, by a stochastic matrix and a cost function. The inputs of 'encoding' are the pay-off-relevant events. Actions are the output of decoding, actions and events determine the pay-off. The utility of the services to the user is a function of the pay-off and of the different costs. Efficiently choosing an information system is by definition choosing an information system which maximizes the expected utility. Communication engineers restricted themselves to information systems with fixed transmitting (channel) and identically zero cost functions. Moreover, they equated the user's utility function with his pay-off function. The present study is also restricted to information systems with fixed transmitting and zero cost functions and users' utility functions identical to their pay-off functions. But the approach is more efficient because the problem is treated of choosing encoding and decoding, given a source of events, a pay-off function and a channel, as a whole.