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FUZZY LOGIC FOR BUSINESS, FINANCE, AND MANAGEMENT (2ND EDITION): 23 (Advances In Fuzzy Systems-applications And Theory) 2nd Edition
Author(s): BOJADZIEV GEORGE ET AL (Author)
- Publisher: World Scientific Publishing
- Publication Date: 24 July 2007
- Edition: 2nd
- Language: English
- Print length: 252 pages
- ISBN-10: 9812706496
- ISBN-13: 9789812706492
Book Description
This is truly an interdisciplinary book for knowledge workers in business, finance, management and socio-economic sciences based on fuzzy logic. It serves as a guide to and techniques for forecasting, decision making and evaluations in an environment involving uncertainty, vagueness, impression and subjectivity. Traditional modeling techniques, contrary to fuzzy logic, do not capture the nature of complex systems especially when humans are involved. Fuzzy logic uses human experience and judgement to facilitate plausible reasoning in order to reach a conclusion. Emphasis is on applications presented in the 27 case studies including Time Forecasting for Project Management, New Product Pricing, and Control of a Parasit-Pest System.
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