On a Decision Rule for Mixed Strategy Searching Under Uncertainty on the basis of the Coefficient of Optimism
AbstractThe paper presents a new decision rule which may be applied for mixed strategy searching under uncertainty, which means that the decision maker (DM) is able to prepare a payoffs’ matrix with possible alternatives and scenarios, but he does not know the probability of the occurrence of particular states of nature. The advantage of the new method, called the β-decision rule for mixed strategies, is the fact that it takes into account the DM's coefficient of optimism on the basis of which a set of the most probable events is suggested and an optimization model is formulated and solved.
|Journal series||Procedia -Social and Behavioral Sciences, ISSN 1877-0428, (0 pkt)|
|Publication size in sheets||0.5|
|Conference||2nd International Scientific Conference „Contemporary Issues in Business, Management and Education 2013" (CBME-2013), 11-05-2013 - 12-05-2013, Vilnius, Litwa|
|Keywords in English||uncertainty; coefficient of optimism; mixed strategy; optimization model; decision rule; scenarios|
|Score|| = 0.0, 17-12-2019, ArticleFromJournal|
= 5.0, 17-12-2019, ArticleFromJournal
|Publication indicators||= 6|
|Citation count*||12 (2020-01-19)|
|Special Issue||The 2-dn International Scientific conference „Contemporary Issues in Business, Management and Education 2013“|
* presented citation count is obtained through Internet information analysis and it is close to the number calculated by the Publish or Perish system.