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Rev. 2132023 The statement of scope for this rule, SS 08522 was approved by the Governor on October 20, 2022, published in Register No. 802B on October 31, 2022, and approved by the Natural Resources

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Identify the key information needed for the analysis

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Determine the source of data for the information

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Define the criteria for evaluating the value of the information

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What is value of information voi?

Value of Information (VOI) is a measure used in decision analysis that quantifies the value of having additional information before making a decision.

Who is required to file value of information voi?

Individuals or organizations involved in decision-making processes where uncertainty plays a significant role may be required to file a Value of Information (VOI) report.

How to fill out value of information voi?

Value of Information (VOI) can be filled out by conducting a comprehensive analysis of the decision-making process, assessing the uncertainties involved, and quantifying the value that additional information would bring to the decision.

What is the purpose of value of information voi?

The purpose of Value of Information (VOI) is to help decision-makers understand the potential benefit of obtaining additional information before making a decision, and to evaluate whether the cost of obtaining that information is justified.

What information must be reported on value of information voi?

The Value of Information (VOI) report should include details on the decision being made, the uncertainties involved, the potential outcomes, the value associated with each outcome, and the benefit of obtaining additional information.

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