Analiza i optymalizacja decyzji inwestycyjnych, kapitałowych i innych * Optimization of survival strategy by application of safety dependent utility model (RB-1999-77-02)

Roman Włodzimierz Kulikowski

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Title	Analiza i optymalizacja decyzji inwestycyjnych, kapitałowych i innych * Optimization of survival strategy by application of safety dependent utility model (RB-1999-77-02)
Persons	Authors: Roman Włodzimierz Kulikowski Partner: Systems Research Institute Polish Academy of Sciences, Warsaw
Description	This paper deals with life-saving decisions. The decision maker can buy a number of death-averting devices or services which increase his safety S at the expense of decreasing the discounted future consumption R . The safety and consumption depend parametrically on the death probability p and probability reducing strategy x, i.e. S(p/ x); R(p/x). The two-factors utility function U(S,R) is used to find the optimum strategy x = hat_x, which maximizes U(x). One can show that the unique strategy hat_x exists and can be effectively derived. Many applications of proposed methodology are indicated. (English)
Keywords	"optymalna strategia ratowania życia"@pl, "modele użyteczności"@pl, "prawdopodobieństwo śmierci i przeżycia"@pl, "ratowanie życia"@pl, "optimization"@en, "optimum life-saving strategy"@en, "utility models"@en, "bezpieczeństwo"@pl, "expected return"@en, "Wspomaganie decyzji"@pl, "life saving"@en, "optymalizacja"@pl, "probability of death and survival"@en, "oczekiwany zwrot"@pl, "death-averting"@en, "risk"@en, "Ryzyko"@pl, "Safety"@en, "decision support"@en, "zapobieganie śmierci"@pl
Classification	Resource type: article, chapter Scientific discipline: Dziedzina nauk społecznych / ekonomia i finanse (2018) Destination group: pupils, students, scientists Harmful content: No
Characteristics	Title of source document: RB-1999-77-02 Place of publication: Warszawa Publisher: IBSPAN Time of publication: 1999 From page: 1 To page: 12 Resource language: English
License	CC BY-SA 4.0
Technical information	Submitter: Anna Wasilewska Availability date: 09-09-2022
Collections	Kolekcja Instytutu Badań Systemowych PAN w Warszawie

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Roman Włodzimierz Kulikowski. Analiza i optymalizacja decyzji inwestycyjnych, kapitałowych i innych * Optimization of survival strategy by application of safety dependent utility model (RB-1999-77-02). [article, chapter] Available in Atlas of Open Science Resources, . License: CC BY-SA 4.0, https://creativecommons.org/licenses/by-sa/4.0/legalcode.pl. Date of access: DD.MM.RRRR.