Functional of expected utility: principles of modeling and application

This work is concerned on principles and futures of functional of expected utility application for management of organization-technical complex systems. Complex system management applies theory of decision-making, theory of knowledge, theory of risk and expected utility theories (both objective and subjective). We demonstrated advantages and disadvantages of objective and subjective approaches to simulation of functional of expected utility. Here we applied statistical simulation method according to earlier on developed Dimov-Maslov method and computational scheme based on Monte Carlo method to reduce influence of knowledge uncertainty. By using the functional of expected utility as a criterion of effectiveness of statistical simulation method modified by Dimov-Maslov method we improved the effectiveness of decision-making relating with complex system management.