Application of decision theory to SIEFORES in Mexico
DOI:
https://doi.org/10.29105/rinn9.17-1Keywords:
Decision Theory, SIEFORES, The Expected Utility TheoremAbstract
There are different theories that try to explain the decision making process. These theories set out some possible decision scenarios. In this article we applied the decision theory to the different options offered by SIEFORES yields, in order to demonstrate performance and risk in some scenario. In this paper first at all we study decision theory, following we explain the SIEFORES system in Mexico. In the last part we apply decision making model to the SIEFORES.
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