Title :
Towards decision making under interval, set-valued, fuzzy, and Z-number uncertainty: A fair price approach
Author :
Lorkowski, Joe ; Kreinovich, Vladik ; Aliev, Rafik
Author_Institution :
Dept. of Comput. Sci., Univ. of Texas at El Paso, El Paso, TX, USA
Abstract :
In this paper, we explore one of the possible ways to make decisions under uncertainty: namely, we explain how to define a fair price for a participation in such a decision, and then select an alternative for which the corresponding fair price is the largest. This idea is explained on the examples of interval uncertainty, set-valued, fuzzy, and Z-number uncertainty.
Keywords :
decision making; fuzzy set theory; number theory; share prices; Z-number uncertainty; decision making; fair price approach; fuzzy uncertainty; interval uncertainty; set-valued uncertainty; Accuracy; Computer aided software engineering; Decision making; Educational institutions; Electronic mail; Uncertainty; Upper bound;
Conference_Titel :
Fuzzy Systems (FUZZ-IEEE), 2014 IEEE International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4799-2073-0
DOI :
10.1109/FUZZ-IEEE.2014.6891827
