The value of information (VOI) contained in geospatial data is the difference between the net benefits (in present value terms) of a decision with and without the information.
GV: 'Economic aspects' to be revised. Delete concept. New concept "geo-information value chain"
Distinguish between operational, organizational, and societal activities that rely upon geospatial Information
Discuss of relations between marketing and economical factors in sustainable/environmental issues by using geospatial information
Discuss of and define the process of the Information value chain
Identify practical problems in defining and measuring the value of geospatial information in land or other business decisions
Explain how cost-benefit analyses can be manipulated
Compare and contrast the evaluation of benefits at different scales (e.g., national, regional/state,local)
Explain how the saying "developing data is the largest single cost of implementing GIS" could be true for an organization that is already collecting data as part of its regular operations
GI-N2K