Mathematical Models of Uncertainty in Economics
Mathematical Models of Uncertainty in Economics
Author(s): Valentina E. GUSEVA, Laura Ungureanu, Evgeny A. KuzminSubject(s): Economy, Business Economy / Management
Published by: Reprograph
Keywords: uncertainty; mathematical models; decision-making criteria;
Summary/Abstract: The article reviews various types of mathematical models for uncertainty in economics. For each model, applications and application features are given. Causes for uncertainty appearance in business processes have been made specific. In the summary of theorizes, uncertainty models are analysed. In the research, an attempt is made to find out possible logical and structural regularities able to improve an approach to construction of mathematical models for uncertainty. Comparative characteristics of managerial decision-making criteria have been made specific in case of total or partial uncertainty.
Journal: Journal of Applied Economic Sciences (JAES)
- Issue Year: XII/2017
- Issue No: 49
- Page Range: 753-765
- Page Count: 13
- Language: English