DECISION MAKING MODELS AND ALGORITHMS IN SITUATIONS OF UNCERTAINTY
This study describes three decision making models for uncertain situations, when the decision maker has infinity of alternatives, the activity is determined by uncontrollable factors, and the number of states of nature is considered finite. The proposed mathematical model...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Academy of the Economic Studies of Moldova
2019-04-01
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| Series: | Economica |
| Subjects: | |
| Online Access: | http://irek.ase.md/xmlui/bitstream/handle/1234567890/16/Golban%20L._Godonoaga%20A._%20ec_2019_4.pdf?sequence=1&isAllowed=y |
| _version_ | 1811273531787313152 |
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| author | Lilian GOLBAN Anatol GODONOAGĂ |
| author_facet | Lilian GOLBAN Anatol GODONOAGĂ |
| author_sort | Lilian GOLBAN |
| collection | DOAJ |
| description | This study describes three decision making models for uncertain situations, when the decision maker has infinity of alternatives, the activity is determined by uncontrollable factors, and the number of states of nature is considered finite. The proposed mathematical models have certain degrees of complexity, while, also, adequately reflecting the decision-making aspects under insufficient, non-deterministic information conditions, etc. At the same time, they represent a current vision for extending the classical possibilities of the optimization algorithms of different economic processes of production, of free market or monopolistic type, and transport (distribution), for the cases with continuous decisions in the game with nature. Moreover, it is admitted that the consumer’s behaviour is uncertain, and the demand cannot be determined a priori, knowing only the possible variants of its realization. |
| first_indexed | 2024-04-12T23:00:56Z |
| format | Article |
| id | doaj.art-3198d0b2c1c446b5bc6552346b1f331f |
| institution | Directory Open Access Journal |
| issn | 1810-9136 1810-9136 |
| language | English |
| last_indexed | 2024-04-12T23:00:56Z |
| publishDate | 2019-04-01 |
| publisher | Academy of the Economic Studies of Moldova |
| record_format | Article |
| series | Economica |
| spelling | doaj.art-3198d0b2c1c446b5bc6552346b1f331f2022-12-22T03:13:03ZengAcademy of the Economic Studies of MoldovaEconomica1810-91361810-91362019-04-014110139155DECISION MAKING MODELS AND ALGORITHMS IN SITUATIONS OF UNCERTAINTYLilian GOLBAN0Anatol GODONOAGĂ1ASEMASEMThis study describes three decision making models for uncertain situations, when the decision maker has infinity of alternatives, the activity is determined by uncontrollable factors, and the number of states of nature is considered finite. The proposed mathematical models have certain degrees of complexity, while, also, adequately reflecting the decision-making aspects under insufficient, non-deterministic information conditions, etc. At the same time, they represent a current vision for extending the classical possibilities of the optimization algorithms of different economic processes of production, of free market or monopolistic type, and transport (distribution), for the cases with continuous decisions in the game with nature. Moreover, it is admitted that the consumer’s behaviour is uncertain, and the demand cannot be determined a priori, knowing only the possible variants of its realization.http://irek.ase.md/xmlui/bitstream/handle/1234567890/16/Golban%20L._Godonoaga%20A._%20ec_2019_4.pdf?sequence=1&isAllowed=yuncertaintydecisionswald criterionsavage criteriongeneralized gradientnumerical algorithms |
| spellingShingle | Lilian GOLBAN Anatol GODONOAGĂ DECISION MAKING MODELS AND ALGORITHMS IN SITUATIONS OF UNCERTAINTY Economica uncertainty decisions wald criterion savage criterion generalized gradient numerical algorithms |
| title | DECISION MAKING MODELS AND ALGORITHMS IN SITUATIONS OF UNCERTAINTY |
| title_full | DECISION MAKING MODELS AND ALGORITHMS IN SITUATIONS OF UNCERTAINTY |
| title_fullStr | DECISION MAKING MODELS AND ALGORITHMS IN SITUATIONS OF UNCERTAINTY |
| title_full_unstemmed | DECISION MAKING MODELS AND ALGORITHMS IN SITUATIONS OF UNCERTAINTY |
| title_short | DECISION MAKING MODELS AND ALGORITHMS IN SITUATIONS OF UNCERTAINTY |
| title_sort | decision making models and algorithms in situations of uncertainty |
| topic | uncertainty decisions wald criterion savage criterion generalized gradient numerical algorithms |
| url | http://irek.ase.md/xmlui/bitstream/handle/1234567890/16/Golban%20L._Godonoaga%20A._%20ec_2019_4.pdf?sequence=1&isAllowed=y |
| work_keys_str_mv | AT liliangolban decisionmakingmodelsandalgorithmsinsituationsofuncertainty AT anatolgodonoaga decisionmakingmodelsandalgorithmsinsituationsofuncertainty |