IDEAS home Printed from https://ideas.repec.org/a/scm/usvaep/v18y2018i1(27)p120-127.html
   My bibliography  Save this article

Decisional Model Under Uncertainity Conditions

Author

Listed:
  • Camelia Catalina MIHALCIUC

    (Stefan cel Mare University of Suceava, Romania)

  • Veronica GROSU

    (Stefan cel Mare University of Suceava, Romania)

  • Alina MUSTEATA

    (Stefan cel Mare University of Suceava, Romania)

Abstract

The notions of risk and uncertainty are the subject of countless studies and specialized papers, being treated by both Romanian and foreign researchers, whose considerations have been taken as reference in the realization of the theoretical and methodological basis of this paper.Unforeseen events influence the present and the future results of businesses, the risk being part of their economic life. In order to have successful businesses, managers need to learn how to manage the risks to which societies are subjected, to understand them, and to prevent them. Starting from the approached subject, the scientific demarche of this paper begins with the identification of a decisional model that highlights the idea that the variability of the results is imprinted, on the one hand, by the decision of the decision-maker and by the eventualities (uncontrollable elements), therefore under uncertainty the result of a decision will have both a part that can be controlled and a part that cannot be controlled.

Suggested Citation

  • Camelia Catalina MIHALCIUC & Veronica GROSU & Alina MUSTEATA, 2018. "Decisional Model Under Uncertainity Conditions," The USV Annals of Economics and Public Administration, Stefan cel Mare University of Suceava, Romania, Faculty of Economics and Public Administration, vol. 18(1(27)), pages 120-127, June.
    • Handle: RePEc:scm:usvaep:v:18:y:2018:i:1(27):p:120-127
    as

    Download full text from publisher

    File URL: http://seap.usv.ro/annals/arhiva/USVAEPA_VOL.18,ISSUE_1(27),2018_fulltext.pdf
    Download Restriction: no
    ---><---

    Citations

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


    Cited by:

    1. John Oliver, 2020. "The Economic Policy Uncertainty and Firm Investment in Germany," Journal of Accounting, Business and Finance Research, Scientific Publishing Institute, vol. 10(1), pages 34-41.

    More about this item

    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:scm:usvaep:v:18:y:2018:i:1(27):p:120-127. 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.

    We have no bibliographic references for this item. You can help adding them by using 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: Liviu Scutariu (email available below). General contact details of provider: https://edirc.repec.org/data/feusvro.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.