IDEAS home Printed from https://ideas.repec.org/p/pra/mprapa/60509.html
   My bibliography  Save this paper

Individual Scaling and Overall Evaluation of System Uncertainty

Author

Listed:
  • Kuzmin, Evgeny

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.

Suggested Citation

  • Kuzmin, Evgeny, 2014. "Individual Scaling and Overall Evaluation of System Uncertainty," MPRA Paper 60509, University Library of Munich, Germany.
    • Handle: RePEc:pra:mprapa:60509
    as

    Download full text from publisher

    File URL: https://mpra.ub.uni-muenchen.de/60509/1/MPRA_paper_60509.pdf
    File Function: original version
    Download Restriction: no
    ---><---

    References listed on IDEAS

    as
    1. Aleksandr Kuklin & Alexey Naydenov & Natalya Nikulina & Tatiana Ponomaryova, 2014. "Transformation of theoretical-methodological approaches and methodical tools of the individual and territory welfare diagnostics. Part 1. From spreading to the alternative diagnostics approaches (back," Economy of region, Centre for Economic Security, Institute of Economics of Ural Branch of Russian Academy of Sciences, vol. 1(3), pages 22-36.
    2. John J. McCall, 1982. "Introduction to "The Economics of Information and Uncertainty"," NBER Chapters, in: The Economics of Information and Uncertainty, pages -11, National Bureau of Economic Research, Inc.
    3. Kuzmin, E. A., 2012. "Uncertainty and certainty property estimation of organizational-economic system," MPRA Paper 39372, University Library of Munich, Germany.
    4. John J. McCall, 1982. "The Economics of Information and Uncertainty," NBER Books, National Bureau of Economic Research, Inc, number mcca82-1, July.
    Full references (including those not matched with items on IDEAS)

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Aleksandr M. Batkovskiy & Pavel A. Kalachikhin & Elena G. Semenova & Yury F. Telnov & Alena V. Fomina & Viktor M. Balashov, 2018. "Conficuration of enterprise networks," Entrepreneurship and Sustainability Issues, VsI Entrepreneurship and Sustainability Center, vol. 6(1), pages 311-328, September.
    2. Aleksandr M. Batkovskiy & Pavel A. Kalachikhin & Elena G. Semenova & Yury F. Telnov & Alena V. Fomina & Victor M. Balashov, 2018. "Conficuration of enterprise networks," Post-Print hal-02166711, HAL.

    Most related items

    These are the items that most often cite the same works as this one and are cited by the same works as this one.
    1. Georges Prat, 1996. "Le modèle d'évaluation des actions confronté aux anticipations des agents informés," Revue Économique, Programme National Persée, vol. 47(1), pages 85-110.
    2. Macauley, Molly, 2005. "The Value of Information: A Background Paper on Measuring the Contribution of Space-Derived Earth Science Data to National Resource Management," RFF Working Paper Series dp-05-26, Resources for the Future.
    3. Kuzmin, E. A., 2012. "Uncertainty & Certainty in Management of Organizational-Economic Systems," MPRA Paper 42006, University Library of Munich, Germany.
    4. Lundgren, Lena & Rankin, Bruce, 1998. "What matters more: The job training program or the background of the participant? An HLM analysis of the influence of program and client characteristics on the wages of inner-city youth who have compl," Evaluation and Program Planning, Elsevier, vol. 21(1), pages 111-120, February.
    5. Evgeny Kuzmin, 2015. "“Individual†Scaling and Overall Evaluation of System Uncertainty," Modern Applied Science, Canadian Center of Science and Education, vol. 9(3), pages 1-34, March.
    6. Karl Duvemo & Tomas Lämås & Ljusk Eriksson & Peder Wikström, 2014. "Introducing cost-plus-loss analysis into a hierarchical forestry planning environment," Annals of Operations Research, Springer, vol. 219(1), pages 415-431, August.
    7. G L Clark, 1986. "Towards an Alternative Conception of Job-Search Theory and Policy: Information as an Indeterminate Process," Environment and Planning A, , vol. 18(6), pages 803-825, June.
    8. Kuzmin, Evgeny Anatol'evich, 2012. "Analytical content of properties of uncertainty and certainty of organizational-economic systems: derivatives indicators," MPRA Paper 39584, University Library of Munich, Germany.
    9. Emilio Espino & Thomas Hintermaier, 2009. "Asset trading volume in a production economy," Economic Theory, Springer;Society for the Advancement of Economic Theory (SAET), vol. 39(2), pages 231-258, May.
    10. Tan Wang & Tony S. Wirjanto, 2016. "Risk Aversion, Uncertainty, Unemployment Insurance Benefit and Duration of "Wait" Unemployment," Annals of Economics and Finance, Society for AEF, vol. 17(1), pages 1-34, May.
    11. Yu Chen & Thomas Cosimano & Alex Himonas, 2008. "Solving an asset pricing model with hybrid internal and external habits, and autocorrelated Gaussian shocks," Annals of Finance, Springer, vol. 4(3), pages 305-344, July.
    12. William A. Brock & Blake LeBaron, 1990. "Liquidity Constraints in Production-Based Asset-Pricing Models," NBER Chapters, in: Asymmetric Information, Corporate Finance, and Investment, pages 231-256, National Bureau of Economic Research, Inc.
    13. Pissarides, Christopher & Mortensen, Dale T., 2001. "Taxes, Subsidies and Equilibrium Labour Market Outcomes," CEPR Discussion Papers 2989, C.E.P.R. Discussion Papers.
    14. Julia Hirsch & Uwe Walz, 2009. "Financing Decisions Along a Firm’s Life Cycle: Debt as a Commitment Device," Working Papers 0409, Universidad Iberoamericana, Department of Economics.
    15. Krishna Dayal Pandey & Tarak Nath Sahu, 2019. "Debt Financing, Agency Cost and Firm Performance: Evidence from India," Vision, , vol. 23(3), pages 267-274, September.
    16. Andriy Zapechelnyuk & Ro’i Zultan, 2020. "Job search costs and incentives," Economic Theory Bulletin, Springer;Society for the Advancement of Economic Theory (SAET), vol. 8(2), pages 181-202, October.
    17. Bruche, Max & Segura, Anatoli, 2017. "Debt maturity and the liquidity of secondary debt markets," Journal of Financial Economics, Elsevier, vol. 124(3), pages 599-613.
    18. Vincent Anesi & Daniel J. Seidmann, 2009. "Optimal Delegation with a Finite Number of States," Discussion Papers 2009-20, The Centre for Decision Research and Experimental Economics, School of Economics, University of Nottingham.
    19. Kuzmin, Evgeny A., 2016. "Theoretical Model to Estimate System Uncertainty in Economics," MPRA Paper 74665, University Library of Munich, Germany.
    20. Lin, Xiaoji & Zhang, Lu, 2013. "The investment manifesto," Journal of Monetary Economics, Elsevier, vol. 60(3), pages 351-366.

    More about this item

    Keywords

    information entropy; uncertainty scaling (grading); uncertainty standard errors; system uncertainty;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:pra:mprapa:60509. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    If CitEc recognized a bibliographic reference but did not link an item in RePEc to it, you can help with this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Joachim Winter (email available below). General contact details of provider: https://edirc.repec.org/data/vfmunde.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.