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“Individual†Scaling and Overall Evaluation of System Uncertainty

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  • Evgeny Kuzmin

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

  • 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.
    • Handle: RePEc:ibn:masjnl:v:9:y:2015:i:3:p:34
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    References listed on IDEAS

    as
    1. Kuzmin, E. A., 2012. "Uncertainty and certainty property estimation of organizational-economic system," MPRA Paper 39372, University Library of Munich, Germany.
    2. John J. McCall, 1982. "The Economics of Information and Uncertainty," NBER Books, National Bureau of Economic Research, Inc, number mcca82-1.
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    JEL classification:

    • R00 - Urban, Rural, Regional, Real Estate, and Transportation Economics - - General - - - General
    • Z0 - Other Special Topics - - General

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