Modern Applied Science; Vol. 9, No. 3; 2015 ISSN 1913-1844 E-ISSN 1913-1852 Published by Canadian Center of Science and Education
“Individual” Scaling and Overall Evaluation of System Uncertainty Evgeny A. Kuzmin1 1
Chair “Corporate Economics”, Ural State University of Economics, Ekaterinburg, Russia
Correspondence: Evgeny Kuzmin, Chair “Corporate Economics”, Ural State University of Economics, Ekaterinburg, 620144, Russia. Tel: 7-906-800-0070. E-mail:
[email protected] Received: October 19, 2014 doi:10.5539/mas.v9n3p34
Accepted: October 29, 2014
Online Published: December 10, 2014
URL: http://dx.doi.org/10.5539/mas.v9n3p34
Abstract Research in the uncertainty as a phenomenon of the business interaction produces extraordinary challenges in management theory and methodology. The scientific community has usually understood a substantive impact on the uncertainty as a potential opportunity to neutralize a measure of fundamental unpredictability. At the same time, sustainability in any development is a result of balancing between faces of the certainty and the uncertainty. Solving this question, we point out to a need in the selective control. With this end in view, the paper has provided rationalization for a scientific approach to scale (grade) values of the “individual” uncertainty that serves as a quality classification tool for alternatives that are a part of a single case (event) set. Besides, the paper has elaborated a method to evaluate the system uncertainty specifying the standard errors. Keywords: information entropy, uncertainty scaling (grading), uncertainty standard errors, system uncertainty 1. Introduction The uncertainty as a self-condition of an open stochastic system is a principle to develop ideas of risks and their impact on business actors. Making any management decision undoubtedly involves an impact of the uncertainty. This circumstance consistently makes this category a central concept in management theory in different areas of expertise. Systematics for the uncertainty methodology rests on well-grounded ideas of a considered evaluation of its observability. Herewith, its economic or other social implementation sets a goal to define measures able to neutralize or change obvious fluctuations of the uncertainty. Whereby it refers to a need in its subject management, even preventive by its