Individual Scaling and Overall Evaluation of System Uncertainty

Kuzmin, Evgeny (2014): Individual Scaling and Overall Evaluation of System Uncertainty. Published in: Modern Applied Science , Vol. 9, No. 3 (March 2015): pp. 34-45.

Abstract

Research in the uncertainty as a phenomenon of the business interaction produces extraordinary challenges in management theory and methodology. The scientific community has usually understood a substantive impact on the uncertainty as a potential opportunity to neutralize a measure of fundamental unpredictability. At the same time, sustainability in any development is a result of balancing between faces of the certainty and the uncertainty. Solving this question, we point out to a need in the selective control. With this end in view, the paper has provided rationalization for a scientific approach to scale (grade) values ?of the individual uncertainty that serves as a quality classification tool for alternatives that are a part of a single case (event) set. Besides, the paper has elaborated a method to evaluate the system uncertainty specifying the standard errors.

• Item Type: MPRA Paper
• Language: English
• Keywords: information entropy, uncertainty scaling (grading), uncertainty standard errors, system uncertainty
• Subjects: D - Microeconomics > D8 - Information, Knowledge, and Uncertainty > D81 - Criteria for Decision-Making under Risk and Uncertainty

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