Issue: 2016/Vol.26/No.3, Pages 21-42
LOGIC AND RISK AS QUALITATIVE AND QUANTITATIVE DIMENSIONS OF DECISION-MAKING PROCESSES
Tadeusz Galanc
, Wiktor Kołwzan, Jerzy Pieronek, Agnieszka Skowronek-Grądziel
Cite as: T. Galanc, W. Kołwzan, J. Pieronek, A. Skowronek-Grądziel. Logic and risk as qualitative and quantitative dimensions of decision-making processes. Operations Research and Decisions 2016: 26(3), 21-42. DOI 10.5277/ord160302
Abstract
Key problems in the field of decision-making have been considered. The authors’ aim was to indicate the extremely important for management role of logic and risk in relation to decisions taken under conditions of uncertainty. In the course of the research, the following hypothesis was tested: the complexity of risk is determined by the diversity of reality. The result of this is that in science there is no current study developing a uniform methodology for the assessment of risk. It might even be doubtful whether it can be created. In a certain sense, this is indicated in the article by the discussion about the dimensions of logic and risk apparent in any decisions taken by a man. The paper presents the complexity and diversity of risk assessment on the basis of selected, but essential to the discussed issue, fields of knowledge. This is valid when the numerical or qualitative level of risk is substantial in the context of the analyzed problem.
Keywords: logic, conditions of uncertainty, risk, decision-making management
Received: 30 May 2016 Accepted: 21 September 2016