VALUE ASSESSMENT OF MEASUREMENTS IN LARGE MEASUREMENT INFORMATION SYSTEMS

Heikki Jokinen, Risto Ritala

Abstract

Modern industrial production processes are rich sources of measurement data, acquired in many forms and time periods. The integration of different forms of data and information has become more and more important in process industry. Decisions needed in managing processes in an optimal way force us to utilize the information in a way that maximizes its value. This paper discusses the value assessment of measurements and measurement information in large industrial systems. In particular, probabilistic description of information and the value of uncertainty and information in measurements concerning the performance of operational decision making are discussed.

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IMEKO-TC4-2004-064.pdf

DOI

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IMEKO TC

TC4 - Measurement of Electrical Quantities

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