SYSTEM AND A METHOD FOR MEASURING NET GAIN AND LOSS OF ALTERNATIVES FOR UNCERSTAIN EVENTS

Abstract

Disclosed is a system for measuring net gain and loss of alternatives dependent on uncertain events. The system includes instructions having steps to receive at least one uncertain event, a list of alternatives, a list of objectives, a list of certain events, and followed by a step to select type of ratio scale measures. The instructions receive relation of alternatives and the certain events, and receives evaluation of likelihoods of certain events for at least one alternative, receives rating of consequences of certain events with respect to at least one objective for at least one alternative, and concluding the step to perform the Monte Carlo simulations on the evaluated likelihoods and consequences to display an expected loss or gain of each alternative on the display unit.

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