ISSN 1330-7142
UDK = 631.368
DECISION
MAKING
UNDER
CONDITIONS
OF
UNCERTAINTY
IN
AGRICULTURE: A CASE STUDY OF OIL CROPS
Karmen Pažek, Č. Rozman
Original scientific paper
Izvorni znanstveni članak
SUMMARY
In decision under uncertainty individual decision makers (farmers) have to choose one of a set number of
alternatives with complete information about their outcomes but in the absence of any information or data
about the probabilities of the various state of nature. This paper examines a decision making under
uncertainty in agriculture. The classical approaches of Wald’s, Hurwicz’s, Maximax, Savage’s and Laplace’s
are discussed and compared in case study of oil pumpkin production and selling of pumpkin oil. The
computational complexity and usefulness of the criterion are further presented. The article is concluded with
aggregate the results of all observed criteria and business alternatives in the conditions of uncertainty, where
