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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

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