Using fuzzy mathematics for decision making in economics

Traditionally, economic models are based on classical mathematics and Aristotelian two-valued logic. Nevertheless, fuzzy mathematics, as a tool for modeling some types of uncertainties and incomplete phenomena, is a more appropriate framework for modeling in economics. New approach has resulted in a...

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Bibliographic Details
Main Authors: Pavkov Ivan, Japundžić Miloš
Format: Article
Language:English
Published: Visoka poslovna škola strukovnih studija, Novi Sad 2012-01-01
Series:Škola Biznisa
Subjects:
Online Access:http://scindeks-clanci.ceon.rs/data/pdf/1451-6551/2012/1451-65511202128P.pdf