Information Theory Applied to Decision-Making Structures

Abstract

Decision making structures, such as control boards, process information on many topics as they select options for the system and project. The decisions are based on the information known to the board members and presenters (subject matter experts) and shared at the board during discussion. This information flow through this process can be modelled using information theory. Information theory provides a mathematical basis to understand the flow of information through the decision making process and the information needed for a particular decision. Information theory also provides the mathematical relationships on which to base the optimal decision making structure for a specific system development and organizational structure. Since decision making bodies provide control for the system or project, control theory can be used to construct a decision making model. This provides a starting point for adding cognitive science models. Information processing by each individual board participant can be represented through cognitive processes which are integrated across the board participants through information theory relationship. The set theory view of information theory provides a structure in which to look at the relationships between the participants in a decision making structure.