Corporate wide information requirements analysis and financial, marketing and production planning: Special Issue Proceedings of the Fourth International Working Seminar on Production Economics

Hannu Kivijärvi, Markku Tuominen

Research output: Contribution to journalArticleScientificpeer-review

Abstract

In this study, we identify by a corporate model what the value of information is and hence, what information is required. A corporate model is usually aimed to support general corporate planning and it simultaneously describes the relations between the finance, marketing and production functions of the firm. A multiattribute and multicriteria approach is used to assess the value of information at the corporate level. Delay, inconsistency, underestimation, and overestimation are used as the quality attributes of information and total profits, cash balance, market share, the value of plant, or the average level of semifabricate throughput may be used as evaluation criteria. In our experiments we have used a corporate model which represents a firm operating in the metal industry. In general, special emphasis is given to the computational aspects of the problem.
Original languageEnglish
Pages (from-to)343-355
Number of pages13
JournalEngineering Costs and Production Economics
Volume12
Issue number1
DOIs
Publication statusPublished - 1987
MoE publication typeA1 Journal article-refereed

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