A fuzzy pay-off method for real option valuation.
Collan, Mikael, Fullér, Robert, Mezei, József (2009)
Journal of Applied Mathematics and Decision Sciences
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Collan, Mikael, Fullér, Robert, Mezei, József (2009)
Journal of Applied Mathematics and Decision Sciences
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Lotfi Zadeh (2002)
International Journal of Applied Mathematics and Computer Science
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Computing, in its usual sense, is centered on manipulation of numbers and symbols. In contrast, computing with words, or CW for short, is a methodology in which the objects of computation are words and propositions drawn from a natural language, e.g., small, large, far, heavy, not very likely, the price of gas is low and declining, Berkeley is near San Francisco, it is very unlikely that there will be a significant increase in the price of oil in the near future, etc. Computing with...
Ludovic Lietard, Daniel Rocacher (2009)
Control and Cybernetics
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Nando Prati (1992)
Stochastica
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Many discussions have been made on the problem of (i) What are Fuzzy Sets? since the origin of the theory. Due to the structure of Fuzzy Sets the first impression that many people have is that Fuzzy Sets are the distribution of a probability. Recent developments of many theories of uncertainty measures (belief functions, possibility and fuzzy measures, capacities) can make also think that a Fuzzy Set is the distribution of an uncertainty measure. Other problems...
K.L. Lee, S.C. Lin (2012)
The Yugoslav Journal of Operations Research
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Dragan Z. Šaletić, Dušan M. Velašević (2000)
The Yugoslav Journal of Operations Research
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Ulrich Bodenhofer, Peter Bauer (2005)
Kybernetika
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This contribution is concerned with the interpretability of fuzzy rule-based systems. While this property is widely considered to be a crucial one in fuzzy rule-based modeling, a more detailed formal investigation of what “interpretability” actually means is not available. So far, interpretability has most often been associated with rather heuristic assumptions about shape and mutual overlapping of fuzzy membership functions. In this paper, we attempt to approach this problem from a...
Jerry Mendel (2002)
International Journal of Applied Mathematics and Computer Science
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Our thesis is that computing with words needs to account for the uncertainties associated with the meanings of words, and that these uncertainties require using type-2 fuzzy sets. Doing this leads to a proposed architecture for making it judgments by means of computing with words, i.e., to a perceptual computer-the Per-C. The Per-C includes an encoder, a type-2 rule-based fuzzy logic system, and a decoder. It lets all human-computer interactions be performed using words. In this paper,...