On the Value of Information in Status Update Systems †

The age of information (AoI) is now well established as a metric that measures the freshness of information delivered to a receiver from a source that generates status updates. This paper is motivated by the inherent value of packets arising in many cyber-physical applications (e.g., due to precision of the information content or an alarm message). In contrast to AoI, which considers all packets are of equal importance or value, we consider status update systems with update packets carrying values as well as their generated time stamps. A status update packet has a random initial value at the source and a deterministic deadline after which its value vanishes (called ultimate staleness). In our model, the value of a packet either remains constant until the deadline or decreases in time (even after reception) starting from its generation to the deadline when it vanishes. We consider two metrics for the value of information (VoI) at the receiver: sum VoI is the sum of the current values of all packets held by the receiver, whereas packet VoI is the value of a packet at the instant it is delivered to the receiver. We investigate various queuing disciplines under potential dependence between value and service time and provide closed form expressions for both average sum VoI and packet VoI at the receiver. Numerical results illustrate the average VoI for different scenarios and relations between average sum VoI and average packet VoI.