The Use of Bayesian Networks in Public Administration of the Economy

Abstract

The state, exercising its managerial function in the economic sphere, pursues specific goals, the main of which is to ensure for society and the decent state welfare, as well as to increase the level of material production. Bayesian trust networks can be used in government project management as diagrams reflecting the causal relationships between events or influence diagrams. Besides, Bayesian trust networks allow integrating into the model the data obtained at each stage of project development, thereby providing feedback, which is an essential component of the public administration.