On information quality ranking and its managerial implications

Jian Yang; Youhua (Frank) Chen

doi:10.3934/jimo.2010.6.729

Article Contents

2010, Volume 6, Issue 4: 729-750. Doi: 10.3934/jimo.2010.6.729

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On information quality ranking and its managerial implications

Jian Yang^1, and
Youhua (Frank) Chen^2,

1.
Department of Mechanical and Industrial Engineering, New Jersey Institute of Technology, Newark, NJ 07102
2.
Department of Systems Engineering & Engineering Management, Chinese University of Hong Kong, Shatin, New Territory, Hong Kong

Received: November 30, 2008

Revised: March 31, 2010

Published: September 2010

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Abstract

We study the quality ranking of different information structures. In a unified setting, we present eight representations of essentially the same notion that may arise in distinct literatures, and also establish the intricate relationships among them. The forms that are less familiar to researchers turn out to be more relevant to the operations management context. We also relate the information structure ranking to concepts often invoked in operations management literature, such as advance demand information and decision postponement. Using some of the established relations, we argue for building a cross-docking facility as close as possible to the distribution centers it serves.

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Mathematics Subject Classification: Primary: 62C05, 91B44; Secondary: 60J10.

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