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Abstract
This paper examines the feasibility of using the information economics concepts and empirical approach in the evaluation of microcomputer-based decision aid models. It is shown that the evaluation of decision support systems should ideally be performed based on the value of information generated for specific decisions, that is, within the information economics framework. Unfortunately, because of complexities involved, such evaluations are not currently feasible for those decision support systems aimed at solving ill-stmctured problems. It is concluded that such decision support systems should be evaluated in empirical context.
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Hossein Shalchi
HosSEiN SHALCHI obtained his MBA from the University of Southern Califomia and his PH D from the University of Illinois at Urbana, Champaigne, He has since taught at Simon Fraser University and Louisiana State University before taking up his present position of Associate Professor of Accounting at the School of Management at the University of Michigan-Flint. His research interests are in the areas of Research Methodology and Time Series Analysis, and he has published in the Quarterly Review ofFconomics and the International Journal of Accounting as well as other joumals.