Implications on Ordered Fuzzy Numbers and Fuzzy Sets of Type Two

2012 ◽  
pp. 247-255 ◽  
Author(s):  
Magdalena Kacprzak ◽  
Witold Kosiński ◽  
Piotr Prokopowicz
Keyword(s):  
Fuzzy Sets ◽  
Fuzzy Numbers

ERP selection using picture fuzzy CODAS method

2021 ◽  
pp. 1-11
Author(s):  
Hacer Yumurtacı Aydoğmuş ◽  
Eren Kamber ◽  
Cengiz Kahraman
Keyword(s):  
Decision Analysis ◽  
Fuzzy Sets ◽  
Fuzzy Numbers ◽  
Ideal Solution ◽  
Application Area ◽  
Erp System ◽  
Mcdm Method ◽  
Negative Ideal Solution ◽  
Picture Fuzzy Sets ◽  
System Selection

The purpose of this study is to develop an extension of CODAS method using picture fuzzy sets. In this respect, a new methodology is introduced to figure out how picture fuzzy numbers can be applied to CODAS method. COmbinative Distance-based Assessment (CODAS) is a new MCDM method proposed by Ghorabaee et al. Picture fuzzy sets (PFSs) are a new extension of ordinary fuzzy sets for representing human’s judgments having possibility more than two answers such as yes, no, refusal and neutral. Compared with other studies, the proposed method integrates multi-criteria decision analysis with picture fuzzy uncertainty based on Euclidean and Taxicab distances and negative ideal solution. ERP system selection problem is handled as the application area of the developed method, picture fuzzy CODAS. Results indicate that the new proposed method finds meaningful rankings through picture fuzzy sets. Comparative analyzes show that the presented method gives successful and robust results for the solutions of MCDM problems under fuzziness.

scholarly journals A fuzzy methodology for approaching fuzzy sets of the real line by fuzzy numbers

2021 ◽  
Author(s):  
Antonio Francisco Roldán López de Hierro ◽  
Miguel Ángel Tíscar ◽  
Concepción Roldán ◽  
Humberto Bustince
Keyword(s):  
Fuzzy Sets ◽  
Real Line ◽  
Fuzzy Numbers ◽  
The Real

A Study on Optimum Design Using Fuzzy Numbers As Design Variables

1995 ◽  
Author(s):  
Masao Arakawa ◽  
Hiroshi Yamakawa
Keyword(s):  
Fuzzy Sets ◽  
Optimum Design ◽  
Fuzzy Numbers ◽  
Fuzzy Optimization ◽  
Design Parameters ◽  
Numerical Examples ◽  
Design Variables ◽  
Conventional Methods

Abstract In this study, we summerize the method of fuzzy optimization using fuzzy numbers as design variables. In order to detect flaw in fuzzy calculation, we use LR-fuzzy numbers, which is known as its simplicity in calculation. We also use simple fuzzy numbers’ operations, which was proposed in the previous papers. The proposed method has unique characteristics that we can obtain fuzzy sets in design variables (results of the design) directly from single numerical optimizing process. Which takes a large number of numerical optimizing processes when we try to obtain similar results in the conventional methods. In the numerical examples, we compare the proposed method with several other methods taking imprecision in design parameters into account, and demonstrate the effectiveness of the proposed method.

A noval ranking approach based on incircle of triangular intuitionistic fuzzy numbers

2020 ◽  
Vol 39 (5) ◽  
pp. 6271-6278
Author(s):  
Gultekin Atalik ◽  
Sevil Senturk
Keyword(s):  
Fuzzy Sets ◽  
Membership Function ◽  
Fuzzy Numbers ◽  
Fuzzy Linear Programming ◽  
Fuzzy Decision Making ◽  
Intuitionistic Fuzzy Numbers ◽  
Intuitionistic Fuzzy ◽  
Linear Programming Problems ◽  
Relationship Of ◽  
Ranking Of Fuzzy Numbers

Since proposed by Zadeh in 1965, ordinary fuzzy sets help us to model uncertainty and developed many types such as type 2 fuzzy, intuitionistic fuzzy, hesitant fuzzy etc. Intuitionistic fuzzy sets include both membership and non-membership functions for their each element. Ranking of a number is to identify a relationship of scalar quantity between these numbers. Ranking of fuzzy numbers play an important role in modeling problems such as fuzzy decision making, fuzzy linear programming problems. In this study, a new ranking method for triangular intuitionistic fuzzy numbers is proposed. The method based on the incircle of the membership function and non-membership function of TIFN uses lexicographical order to rank intuitionistic fuzzy numbers. Two examples are provided to illustrate the applicability of the method. Also, a comparative study is performed to demonstrate the validity of the proposed method. The results indicate that proposed method is consistent with other methods in the literature. Also, the method overcomes the problems such as numbers being very small or close to each other.

PRICING STOCK OPTIONS USING BLACK-SCHOLES AND FUZZY SETS

2008 ◽  
Vol 04 (02) ◽  
pp. 165-176 ◽  
Author(s):  
JAMES J. BUCKLEY ◽  
ESFANDIAR ESLAMI
Keyword(s):  
Fuzzy Sets ◽  
Fuzzy Set ◽  
Fuzzy Number ◽  
Stock Options ◽  
Fuzzy Numbers ◽  
Black Scholes

We use the basic Black-Scholes equation for pricing European stock options but we allow some of the parameters in the model to be uncertain and we model this uncertainty using fuzzy numbers. We compute the fuzzy number for the call value of option with and without uncertain dividends. This fuzzy set displays the uncertainty in the option's value due to the uncertainty in the input values to the model. We also correct an error in a recent paper which also fuzzified the Black-Scholes equation.

scholarly journals A Theoretical Development of Distance Measure for Intuitionistic Fuzzy Numbers

2010 ◽  
Vol 2010 ◽  
pp. 1-25 ◽  
Author(s):  
Debashree Guha ◽  
Debjani Chakraborty
Keyword(s):  
Fuzzy Sets ◽  
Fuzzy Numbers ◽  
Distance Measure ◽  
Intuitionistic Fuzzy Sets ◽  
Distance Measures ◽  
Theoretical Development ◽  
Numerical Examples ◽  
Intuitionistic Fuzzy Numbers ◽  
Metric Properties ◽  
Intuitionistic Fuzzy

The objective of this paper is to introduce a distance measure for intuitionistic fuzzy numbers. Firstly the existing distance measures for intuitionistic fuzzy sets are analyzed and compared with the help of some examples. Then the new distance measure for intuitionistic fuzzy numbers is proposed based on interval difference. Also in particular the type of distance measure for triangle intuitionistic fuzzy numbers is described. The metric properties of the proposed measure are also studied. Some numerical examples are considered for applying the proposed measure and finally the result is compared with the existing ones.

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