The Evaluation of Lottery Project
Yuanyuan Wang · Gongcheng shuxue xuebao · 2003
We make the attraction of the lottery project to be its evaluation standard. The attraction can be divided into two aspects. One is from the amount of prize, and the other is from the winning probability. We uae the utility function in economics to synthesize the two aspects by weight. Furthermore, each aspect of the attraction can also be synthesized by every single grade of prize or winning probability. The attraction of a single grade is the prize or the winning probability s increasing and upwards bulgy function. We use the transfer function of a High-Pass-Filter. We calculate the weight by analytic hierarchy process and entropy method, and then finish the evaluation (project 5 and 6 are better). In problem 2, we establish a dynamic optimization model and work out the optimized lottery project.