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Modelling Decision Making under Uncertainty for Strategic Forecasting

Korepanov, Oleksiy and Mekhovich, Sergey and Karpenko, Nataliya and Kryvytska, Olha and Kovalskyi, Andrii and Karpenko, Roman (2019) Modelling Decision Making under Uncertainty for Strategic Forecasting. International Journal of Recent Technology and Engineering (IJRTE), Volume-8 (3). pp. 7251-7255. ISSN 2277-3878

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Abstract

In current market conditions, the key to productive economic activity is the ability to provide a high-quality forecast, even in situations of insufficient information. Strategic forecasting refers to this type of activity, errors in which the actions of any company can have a detrimental effect on the fundamental level. The justification and selection of specific management decisions can often be carried out in conditions of uncertainty due to the inability to clearly predict the values of the final results of these decisions. The decision-making system within the framework of the strategic forecasting task should help maintain the effectiveness of actions by simplifying the picture of the real world by modelling it. While allowing to reduce the influence of the subjectivity of the personality of the decision-maker on the decision-making process itself.

Item Type: Article
Corporate Creators: National University of Ostroh Academy, Educational and Research Institute “Karazin Business School”, National Technical University "Kharkiv Polytehnic Institute", Poltava University of Economics and Trade, Odessa National economic university, Dnipropetrovsk State University of Internal Affairs
Uncontrolled Keywords: Decision making, Forecast, Modeling, Uncertainty, Strategy
Subjects: by fields of science > Economics
by fields of science > Economics > Finance
Divisions: The College of Economics Management > The Department of Finance
Depositing User: кен, доц. О.Р. Кривицька
Date Deposited: 21 Jan 2020 07:58
Last Modified: 21 Jan 2020 07:58
URI: http://eprints.oa.edu.ua/id/eprint/8060

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