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INCERTITUDE ENVIRONNEMENT [1 record]

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Alphabetical list of terms

Record 1 2015-04-21

English

Subject field(s)
  • Decision-Making Process
OBS

The term "environmental uncertainty" encompasses many types of uncertainty which are often distinguished in benefit-cost analyses. Every forecast has to assume that a specific environment will prevail in the future, and environmental uncertainty arises when there is uncertainty associated with the factors given. ... A type of environmental uncertainty which deserves particular attention in benefit-cost analyses arises from the potential reactions of other decision-making units to alternative courses of action under consideration.

French

Domaine(s)
  • Processus décisionnel

Spanish

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