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...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
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Visoka poslovna škola strukovnih studija, Novi Sad
2012-01-01
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| Series: | Škola Biznisa |
| Subjects: | |
| Online Access: | http://scindeks-clanci.ceon.rs/data/pdf/1451-6551/2012/1451-65511202128P.pdf |
| Summary: | 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 approximate reasoning and fuzzy control systems, which proved to be an efficient tool for decision making in fuzzy environment. |
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| ISSN: | 1451-6551 2406-1301 |