Information value attributes and assessment methods: A construct from traffic and traveller information perspective

Maila Herrala, Pekka Leviäkangas, Harri Haapasalo

    Research output: Contribution to journal › Article › Scientific › peer-review

    Abstract

    Modern information services offer new business opportunities, but the value of information must be assessed properly. The objective of this study was to create an intelligible framework of attributes that contribute to information value and introduce applicable methods to valuate information. The empirical focus is on traffic and traveller information services, from which all the examples are drawn. On the basis of the existing literature the authors identified and listed information value attributes and created a framework to obtain a comprehensive view of these. Valuation approaches and techniques were also identified and were linked with each value attribute to assist in the actual valuation process. The outcomes of the review and analysis facilitate the value engineering of new and existing information services.
    Original languageEnglish
    Pages (from-to)34-45
    Number of pages12
    JournalValue World
    Volume32
    Issue number1
    Publication statusPublished - 2009
    MoE publication typeA1 Journal article-refereed

    Fingerprint

    Information services
    Travellers
    Information value
    Value engineering
    Value of information
    New business

    Keywords

    • Value
    • information
    • valuation
    • assessment

    Cite this

    Herrala, Maila ; Leviäkangas, Pekka ; Haapasalo, Harri. / Information value attributes and assessment methods : A construct from traffic and traveller information perspective. In: Value World. 2009 ; Vol. 32, No. 1. pp. 34-45.
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    Herrala, M, Leviäkangas, P & Haapasalo, H 2009, 'Information value attributes and assessment methods: A construct from traffic and traveller information perspective', Value World, vol. 32, no. 1, pp. 34-45.

    Information value attributes and assessment methods : A construct from traffic and traveller information perspective. / Herrala, Maila; Leviäkangas, Pekka; Haapasalo, Harri.

    In: Value World, Vol. 32, No. 1, 2009, p. 34-45.

    Research output: Contribution to journal › Article › Scientific › peer-review

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    T2 - A construct from traffic and traveller information perspective

    AU - Herrala, Maila

    AU - Leviäkangas, Pekka

    AU - Haapasalo, Harri

    PY - 2009

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    AB - Modern information services offer new business opportunities, but the value of information must be assessed properly. The objective of this study was to create an intelligible framework of attributes that contribute to information value and introduce applicable methods to valuate information. The empirical focus is on traffic and traveller information services, from which all the examples are drawn. On the basis of the existing literature the authors identified and listed information value attributes and created a framework to obtain a comprehensive view of these. Valuation approaches and techniques were also identified and were linked with each value attribute to assist in the actual valuation process. The outcomes of the review and analysis facilitate the value engineering of new and existing information services.

    KW - Value

    KW - information

    KW - valuation

    KW - assessment

    M3 - Article

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    Herrala M, Leviäkangas P, Haapasalo H. Information value attributes and assessment methods: A construct from traffic and traveller information perspective. Value World. 2009;32(1):34-45.

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