Hard and Soft Adjusting of a Parameter With Its Known Boundaries by the Value Based on the Experts’ Estimations Limited to the Parameter

Abstract

Abstract Adjustment of an unknown parameter of the multistage expert procedure is considered. The lower and upper boundaries of the parameter are counted to be known. A key condition showing that experts’ estimations are satisfactory in the current procedure is an inequality, in which the value based on the estimations is not greater than the parameter. The algorithms of hard and soft adjusting are developed. If the inequality is true and its both terms are too close for a long sequence of expert procedures, the adjusting can be early stopped. The algorithms are reversible, implying inversion to the reverse inequality and sliding up off the lower boundary.