System and a method for measuring net gain and loss of alternatives for uncerstain events

A system for measuring net gain and loss of alternatives from events, the system comprising:

• an input unit;
• a database for storing instructions and a Monte Carlo simulation model;
• and
• a processing unit connected with the input unit and the database for processing the stored instructions, further the processing unit processes the Monte Carlo simulation model;
• a display unit coupled to the processing unit for displaying the processed instructions via a graphical user interface, wherein the instructions comprising:
• receiving via the input unit, at least one uncertain event;
• receiving via the input unit, a list of alternatives related to the uncertain event;
• receiving via the input unit, a list of objectives associated with the alternatives;
• receiving via the input unit, a list of certain events associated with the objectives;
• selecting via the input unit, type of ratio scale measures to measure likelihoods and consequences of the uncertain event;
• receiving via the input unit, relation of the alternatives and the certain events;
• receiving via the input unit, evaluation of likelihoods of certain events for at least one alternative;
• receiving via the input unit, rating of consequences of certain events with respect to at least one objective for at least one alternative;
• performing the Monte Carlo simulations on the evaluated likelihoods and consequences to display an expected loss or gain of each alternative on the display unit.