MAXIMUM ALLOWABLE RISK IN DECISION MAKING PROCESS

Authors

Keywords:

decision-making process, maximum permissible risk, minimax criteria, an algorithm to lead the system with a maximum permissible risk, leadership of the system

Abstract

In the article it is analyzed the opportunity to lead the system with maximum permissible risk, as a part of the chain of interrelated notions: goals, ways, means, and risk; it is determined, that risk-taking increases the adaptability of the system, opens the system for innovations, allows achieving established goals by less means and more simple ways; it is stated that location in the sensitive framework of stepwise of taking of maximum permissible risk, according to the minimax criteria, makes the system secure; it is argued that maximum permissible risk in decision-making process reduces the overall risk of system functionality; it is proposed the algorithm to lead the system with a maximum permissible risk as a theoretical and practical model to lead the system effectively.

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Published

2017-04-26

How to Cite

Бєльська, Т., & Напльоков, Ю. (2017). MAXIMUM ALLOWABLE RISK IN DECISION MAKING PROCESS. Public Management, (2 (7), 77-90. Retrieved from http://journals.maup.com.ua/index.php/public-management/article/view/651

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