Proceedings of 2nd International Conference on Business, Management and Economics
Year: 2019
DOI:
The problem of making optimal decisions on the implementation of economic policy objectives
Revaz Gvelesiani
ABSTRACT:
Here write the abstract Optimization of the objectives of economic policy – achieving the maximum result – is possible only through rigorous rationality. On the one hand, it means that during all actions those achievements are to be taken into consideration, which are presented in advance in the form of results. On the other hand, it is necessary to use the evaluation function. It will allow us to evaluate different results according to their characteristics and to act within the desired order.
The evaluation function, together with the decision-making rule, determines which options for using instruments should be given priority. Such functions and rules are primarily focused on the possibility of solving the decision-making problem. Unlike practical situations of decisions preparation, the only decision-maker is taken into consideration. Knowledge of the rule of decision preparation is extremely fragmented. It is unstable in time. This means that information about the value of the instruments is usually incomplete. As for the use of instruments, it is also evaluated incompletely.
Keywords: Basic public values, objectives of economic policy, economic interests, decision making theories, subjects of decision-making.