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Individual Scaling and Overall Evaluation of System Uncertainty

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  • 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
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    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.
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    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.

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    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

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