ROBOTICA & MANAGEMENT - Vol. 25, No. 2, December 2020, pp. 47-52

Harmonization in the Science of Management Through the Phi-Smart Criterion

Gheorghe Popovici *, Monica Roșu

Babes-Bolyai University, CUBB-Resita
1-4, Traian Vuia Square, Resiţa, Romania
* Corresponding author. E-mail: gheorghe.popovici@ubbcluj.ro

Abstract: The paper forwards a new criterion of evaluation through harmonization for the resolution by a manager of a real economic problem under uncertainty conditions. Everyday managers face situations that require a decision. The importance of the decision is given by the fact that the managerial performances depend on this decision – be it good or bad. One of the skills of a successful manager is his ability to make good quality decisions. Decisions can be made under certainty conditions, when one knows exactly what the effects of the chosen option will be. The decisions made under certainty conditions are those in which the effects are known only by estimation, with a certain probability. The decisions made under uncertainty conditions are decisions whose effects are not known at all and there is no idea of the results. The proposed PHI Smart criterion includes in a single criterion all 4 criteria from the Theory of Decision: the optimist’s criterion, the pessimist’s criterion, the prudent’s criterion and the rational’s criterion. It allows the simulation of at least 4 scenarios in the golden ratio 62/38.

Keywords: management science, operational research, decision criteria, PhiSmart criterion, golden ratio 62/38.

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