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Fuzzy Engineering Economics with Applications

Fuzzy Engineering Economics with Applications

Paperback

Series: Studies in Fuzziness and Soft Computing, Book 233

Technology & EngineeringGeneral ComputersGeneral Mathematics

ISBN10: 3642089747
ISBN13: 9783642089749
Publisher: Springer Nature
Published: Oct 21 2010
Pages: 390
Weight: 1.23
Height: 0.82 Width: 6.14 Depth: 9.21
Language: English
Fuzzy set approaches are suitable to use when the modeling of human knowledge is necessary and when human evaluations are needed. Fuzzy set theory is recognized as an important problem modeling and solution technique. It has been studied ext- sively over the past 40 years. Most of the early interest in fuzzy set theory pertained to representing uncertainty in human cognitive processes. Fuzzy set theory is now - plied to problems in engineering, business, medical and related health sciences, and the natural sciences. This book handles the fuzzy cases of classical engineering e- nomics topics. It contains 15 original research and application chapters including different topics of fuzzy engineering economics. When no probabilities are available for states of nature, decisions are given under uncertainty. Fuzzy sets are a good tool for the operation research analyst facing unc- tainty and subjectivity. The main purpose of the first chapter is to present the role and importance of fuzzy sets in the economic decision making problem with the literature review of the most recent advances.

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