Managerial D-M: Measuring of Risk Scenes and Tools of their Reducing

Result code in IS VaVaI
<a href="https://www.isvavai.cz/riv?ss=detail&h=RIV%2F47813059%3A19240%2F12%3A%230004397" target="_blank" >RIV/47813059:19240/12:#0004397 - isvavai.cz</a>
Result on the web
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DOI - Digital Object Identifier
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Result language
angličtina
Original language name
Managerial D-M: Measuring of Risk Scenes and Tools of their Reducing
Original language description
The paper is concerned with measuring and assessment of risk scenes in managerial decision-making (D-M). It builds upon the uncertainty of economic information, which is converted into the concept of risk scene expressed in terms of probability and usingconfidence intervals of the predicted quantities. The paper explains the relation of a degree of risk expressed by the classical information measure, bit, by the concept of confidence intervals, or possibly by the standard deviation. Forecasting systemsare applied which are based on the latest statistical theory and artificial neural networks. The degree of risk is assessed. The impact of these methods to risk reduction is judged in managerial decision-making.
Czech name
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Czech description
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Project
<a href="/en/project/ED1.1.00%2F02.0070" target="_blank" >ED1.1.00/02.0070: IT4Innovations Centre of Excellence</a><br>
Continuities
P - Projekt vyzkumu a vyvoje financovany z verejnych zdroju (s odkazem do CEP)

Publication year
2012
Confidentiality
S - Úplné a pravdivé údaje o projektu nepodléhají ochraně podle zvláštních právních předpisů

Article name in the collection
Proceedings of the 30th International Conference Mathematical Methods in Economics
ISBN
978-80-7248-779-0
ISSN
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e-ISSN
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Number of pages
6
Pages from-to
540-545
Publisher name
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Place of publication
Karviná, ČR
Event location
Karviná, ČR
Event date
Jan 1, 2012
Type of event by nationality
WRD - Celosvětová akce
UT code for WoS article
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