ABSTRACT. The starting point in the adoption of appropriate risks controlling strategies, in terms of proper decisions making, stands for a necessary carry out of a complex economic-mathematical modeling analysis. Moreover, allowing the lack of scouting for risks, designing strategic decisions based upon risk probabilities and monitoring consequences under the aegis of constant adjustments of the overall guidelines leads to overconfidence, perpetuating an average unsatisfactory return on investments or organizational shrinking. As the economic-mathematic modeling stands for a vital axis during decision making procedure, as the strategic implementation sustainability is being given by the correct choice for, the best fitted to the organization, decisional alternative, strategic aim for completing a full usage of expectancy value criteria, specifically applied within the business environment, is being represented by the visibility of decisional consequences matrix accuracy and its benefic usage in terms of decision making. Hence, as we promote the empowerment of risks controlling integrative programs implementing we are unrolling an economic-mathematic modeling, in the following research lines, through the usage of a certain Polish business environment area, ensuring current viable decision-making in terms of risks occurrence through the usage of expectancy value criteria. pp. 70–85
JEL codes: D81, B83, D92

Keywords: expectancy value criteria, economic-mathematic modeling, optimum alternative, profitability distribution, conditional profitability matrix

How to cite: Stępień, Sebastian (2013), “Ensuring Current Viable Decision-making in Terms of Risks Occurrence through the Usage of Expectancy Value Criteria,” Journal of Self-Governance and Management Economics 1(1): 70–85.

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Poznań University of Economics, Poland

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