EVALUTION FUNCTIONS WHEN MAKING DECISIONS IN THE CONDITIONS OF UNCERTAINTY
EVALUTION FUNCTIONS WHEN MAKING DECISIONS IN THE CONDITIONS OF UNCERTAINTY
Author(s): Revaz Gvelesiani, Tariel LomiaSubject(s): Economic policy, Methodology and research technology, Evaluation research
Published by: Asociaţia de Cooperare Cultural-Educaţională Suceava
Keywords: Economic policy; Economic Decision; Strategic Uncertainty; Evaluation Function; Decision Field; Operationalization of Variables;
Summary/Abstract: Optimizing the goals of the economic policy - achieving maximum results - is possible only on the basis of strict rationality. On the one hand, this means that all actions take into account the achievements that are given in advance in the results matrix. On the other hand, we need to use the evaluation function. It will allow us to evaluate different results according to their characteristics and bring the actions within the desired order. It is possible to summarize the characteristics of events when the type, genus, quality, duration and reliability of such characteristics are independent of each other. At the same time, the evaluation - for practical purposes - is of a hierarchical nature. Each subsequent step involves simplifying the results matrix. At the end of such a procedure, we are faced with the possibility of forming a decision that gives meaning to every action or acts as its vector. It helps in making the optimal decision.
Journal: Ecoforum
- Issue Year: 11/2022
- Issue No: 3
- Page Range: 0-0
- Page Count: 6
- Language: English