SBIR-STTR Award

Enhancing information use in decision making
Award last edited on: 3/21/2002

Sponsored Program
SBIR
Awarding Agency
NSF
Total Award Amount
$39,875
Award Phase
1
Solicitation Topic Code
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Principal Investigator
Steven L Hofing

Company Information

Agricultural Education and Consulting

701 Devonshire Drive
Champaign, IL 61820
   (217) 352-1190
   N/A
   N/A
Location: Single
Congr. District: 13
County: Champaign

Phase I

Contract Number: 8660497
Start Date: 00/00/00    Completed: 00/00/00
Phase I year
1986
Phase I Amount
$39,875
Information use has been identified as a key factor in enhancing competitiveness of the nation's industries. The research proposed would rigorously evaluate current impediments to effective use, define potential economic value of enhanced use, and explore the opportunity for computerized decision aids to increase information effectiveness in decision making. These goals would be investigated for the specific situation of climate information use within the U. S. agribusiness sector. To achieve these goals, intensive investigations will be conducted with actual agribusiness managers. The decision simulation approach to be utilized builds on the judgment analysis methodology. Conduct of the research also will test the appropriateness of these approaches for the task of economic valuation of information as an input into the decision making process.The potential commercial application as described by the awardee: Research will lead to the discovery of current impediments and future potential for computerized decision support tools (expert systems and simulation) to enhance managerial decision making.

Phase II

Contract Number: ----------
Start Date: 00/00/00    Completed: 00/00/00
Phase II year
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Phase II Amount
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