
SOLUTION UNDER RISK CONDITIONS: LAPLAS CRITERION. MINIMAX AND MAXMIN CRITERION. SAVAGE AND HURWITZ CRITERIA
Mamatova Zilolaxon Khabibullokhonovna,Azimjonova Mohinur Asiljon kizi , Fergana State UniversityAbstract
Decision-making under risk refers to the consideration of risk in decision-making
processes. The Laplace criterion is a method that considers probabilities equal and calculates the average value of each option for each possible situation. The minimax criterion aims to minimize the worst-case scenario under risk. The maxmin criterion is the inverse of the minimax approach. The Savage criterion aims to consider the average and worst-case scenarios in terms of risk in decision-making. The Hurwitz criterion aims to reduce the uncertainty between the average and worst-case scenarios under risk. The approaches presented in this article show what methods can be used in decision-making under risk.
Keywords
Risk, decision making, Laplace criterion, minimax criterion, maxmin criterion, Savage criterion, Hurwitz criterion, uncertainty, probabilities, decision making.
References
L. Kantorovich - " Mathematician programming and economic analysis " (1959). Production release optimal plan in processes to compose and resources distribution methods statement done .
G. Dantzig - " Linear programming and his/her applications " (1963). Simplex method and make it real release to the conditions application issues illuminated .
R. Dorfman, P. Samuelson, R. Solow - " Linear programming and economic analysis " (1958). Optimal planning , constraints and goal function based on decision acceptance to do discussion made .
IG Bashmakov - "Optimal working release systems " (2005). Modern working release processes to optimize related theoretical and practical approaches showing given .
GN Nemchinov - " Linear " economic models " (1972). Economic in systems linear programming and analysis methods to use dedicated .
Article Statistics
Downloads
Copyright License

This work is licensed under a Creative Commons Attribution 4.0 International License.