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Edition:Final report; September 2005 to Septmeber 2006
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Abstract:This note is a brief tutorial on a strategy optimizing the acquisition of information. It is a procedure well know to decision theorists but hardly understood or applied by those making decisions about spending dollars, time and other forms of capital on the acquisition of information. In the writer's judgement it has wide applicability to Next Generation Air Transportation Systems (NGATS) with to aircraft and ATM equipage, design of decision support tools, operator training, and system architecture. By "acquisition of information" the author means either doing research presumably to discover a state S (the value of some property of an object or event) or designing/deploying some physical instrumentation to measure S. In the latter case, for example, the question may be what instrumentation to put on on board an aircraft to provide operating performance and safety of greater worth by knowing S, or whether to add that instrumentation at all, given the cost of the instrumentation itself.
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