A human-intuitive fuzzy ranking approach with spread and skewness factors

2021 ◽  
pp. 1-15
Author(s):  
Farnaz Sabahi ◽  
Mohammad-R. Akbarzadeh–T.
Keyword(s):  
Fuzzy Sets ◽  
Fuzzy Number ◽  
Fuzzy Numbers ◽  
Computational Approach ◽  
Fuzzy Ranking ◽  
Image Ranking ◽  
Ranking Problems ◽  
Definition Of

It would be hard to deny the importance of fuzzy number ranking in fuzzy-based applications. The definition of fuzzy ranking, however, evades an easy description due to the overlapping of fuzzy sets. While many researchers have addressed this subject, close examination reveals that their results suffer from one or more shortcomings such as image-ranking problems or ranking two equally embedded fuzzy numbers with the same centroid and different spreads. This paper proposes a new fast and straightforward computational approach to ranking fuzzy numbers that aims to overcome such problems. The proposed approach considers several important factors such as spread, skewness and center, in addition to human intuition. Further, the proposed ranking approach involves a composition of these factors as demonstrated in the several examples provided and in comparison with other existing approaches.

PRICING STOCK OPTIONS USING BLACK-SCHOLES AND FUZZY SETS

2008 ◽  
Vol 04 (02) ◽  
pp. 165-176 ◽  
Author(s):  
JAMES J. BUCKLEY ◽  
ESFANDIAR ESLAMI
Keyword(s):  
Fuzzy Sets ◽  
Fuzzy Set ◽  
Fuzzy Number ◽  
Stock Options ◽  
Fuzzy Numbers ◽  
Black Scholes

We use the basic Black-Scholes equation for pricing European stock options but we allow some of the parameters in the model to be uncertain and we model this uncertainty using fuzzy numbers. We compute the fuzzy number for the call value of option with and without uncertain dividends. This fuzzy set displays the uncertainty in the option's value due to the uncertainty in the input values to the model. We also correct an error in a recent paper which also fuzzified the Black-Scholes equation.

scholarly journals Computer-Based Fuzzy Numerical Method for Solving Engineering and Real-World Applications

2021 ◽  
Vol 2021 ◽  
pp. 1-13
Author(s):  
Naila Rafiq ◽  
Naveed Yaqoob ◽  
Nasreen Kausar ◽  
Mudassir Shams ◽  
Nazir Ahmad Mir ◽  
...  
Keyword(s):  
Fuzzy Sets ◽  
Numerical Method ◽  
Nonlinear Equations ◽  
Fuzzy Number ◽  
Fuzzy Numbers ◽  
Numerical Solutions ◽  
Numerical Test ◽  
Real Life ◽  
Triangular Fuzzy Number ◽  
Test Problems

The nonlinear equation is a fundamentally important area of study in mathematics, and the numerical solutions of the nonlinear equations are also an important part of it. Fuzzy sets introduced by Zedeh are an extension of classical sets, which have several applications in engineering, medicine, economics, finance, artificial intelligence, decision-making, and so on. The most special types of fuzzy sets are fuzzy numbers. The important fuzzy numbers are trapezoidal fuzzy and triangular fuzzy numbers, which have several applications. In this research article, we propose an efficient numerical iterative method for estimating roots of fuzzy nonlinear equations, which are based on the special type of fuzzy number called triangular fuzzy number. Convergence analysis proves that the order of convergence of the numerical method is three. Some real-life applications are considered as numerical test problems from engineering, which contain fuzzy quantities in the parametric form. Engineering models include fractional conversion of nitrogen-hydrogen feed into ammonia and Van der Waal’s equation for calculating the volume and pressure of a gas and motion of the object under constant force of gravity. Numerical illustrations are given to show the dominance efficiency of the newly constructed iterative schemes as compared to existing methods in the literature.

RANKING-INTUITIONISTIC FUZZY NUMBERS

2004 ◽  
Vol 12 (03) ◽  
pp. 377-386 ◽  
Author(s):  
H. B. MITCHELL
Keyword(s):  
Fuzzy Sets ◽  
Membership Function ◽  
Fuzzy Number ◽  
Fuzzy Numbers ◽  
Intuitionistic Fuzzy Sets ◽  
Test Cases ◽  
Intuitionistic Fuzzy Number ◽  
Intuitionistic Fuzzy Numbers ◽  
Intuitionistic Fuzzy ◽  
Statistical Viewpoint

Intuitionistic fuzzy sets are a generalization of ordinary fuzzy sets which are characterized by a membership function and a non-membership function. In this paper we consider the problem of ranking a set of intuitionistic fuzzy numbers. We adopt a statistical viewpoint and interpret each intuitionistic fuzzy number as an ensemble of ordinary fuzzy numbers. This enables us to define a fuzzy rank and a characteristic vagueness factor for each intuitionistic fuzzy number. We show the reasonablesness of the results obtained by examining several test cases.

Ranking parametric form of fuzzy numbers by defuzzification based on centroids value and ambiguity

2021 ◽  
pp. 1-15
Author(s):  
Devaki Rani Botsa ◽  
Phani Bushan Rao Peddi ◽  
Vikas Boddu
Keyword(s):  
Comparative Study ◽  
Fuzzy Number ◽  
Fuzzy Numbers ◽  
New Method ◽  
Parametric Form ◽  
Ranking Methods ◽  
Process Use ◽  
Generalized Fuzzy Number ◽  
Fuzzy Ranking

This paper proposes a new method to rank the parametric form of fuzzy numbers based on defuzzification. The defuzzification process use centroids, value, ambiguity and decision levels on fuzzy number developed from the parametric form of a generalized fuzzy number. The proposed method avoids reducing function to remove lower alpha levels and can overcome the shortcomings in some of the existing fuzzy ranking methods. The proposed method can effectively rank symmetric fuzzy numbers with the same core and different heights, fuzzy numbers with the same support and different cores, crisp numbers, crisp numbers having the same support and different heights, and fuzzy numbers having compensation of areas. A demonstration of the proposed method through examples and a comparative study with other methods in the literature shows that the proposed method gives effective results.

Solving fully fuzzy multi-objective linear programming problem with fuzzy dominant degrees

2020 ◽  
Vol 39 (3) ◽  
pp. 3577-3595
Author(s):  
Nguyen Van Hop
Keyword(s):  
Decision Making ◽  
Linear Programming ◽  
Fuzzy Number ◽  
Fuzzy Numbers ◽  
The Other ◽  
Absolute Value ◽  
Multi Objective ◽  
Different Types ◽  
Fuzzy Ranking ◽  
Better Than

In this paper, we investigate all relative relationships between two fuzzy numbers. Then, we introduce new relative measures to compare two fuzzy numbers instead of using absolute value to represent the fuzzy number. These measures address the dominant level that one fuzzy number is better than the other in terms of its position and shape. The so-called absolute fuzzy dominant degree and relative fuzzy dominant degree are developed to measure the differences between two fuzzy numbers applying for different types of constraint. These measures could capture all the shape’s characteristics and relative positions of fuzzy numbers. Finally, the fully fuzzy multi-objective decision making (FFMODM) problem is solved by using these fuzzy dominant degrees. For validation, we compare our approach to the fuzzy ranking method of the linear ranking function. Our obtained results show better performance.

A Zadeh′s max-min composition operator for 3-dimensional triangular fuzzy number

2020 ◽  
Vol 39 (3) ◽  
pp. 3783-3793
Author(s):  
Yong Sik Yun
Keyword(s):  
Composition Operator ◽  
Fuzzy Number ◽  
Fuzzy Numbers ◽  
Triangular Fuzzy Number ◽  
Triangular Fuzzy Numbers ◽  
3 Dimensional ◽  
Definition Of

We generalized triangular fuzzy numbers from ℝ to ℝ 2 . By defining parametric operations between two α-cuts, which are regions, we obtained parametric operations for two triangular fuzzy numbers defined on ℝ 2 . We also generalized triangular fuzzy numbers from ℝ 2 to ℝ 3 . By defining parametric operations between two α-cuts, which are subsets of ℝ 3 , we derived parametric operations for two triangular fuzzy numbers defined on ℝ 3 . For the calculation of Zadeh’s principle operators, the definition of parametric operations between two α-cuts, which are subsets of ℝ 3 , is critical.

ERP selection using picture fuzzy CODAS method

2021 ◽  
pp. 1-11
Author(s):  
Hacer Yumurtacı Aydoğmuş ◽  
Eren Kamber ◽  
Cengiz Kahraman
Keyword(s):  
Decision Analysis ◽  
Fuzzy Sets ◽  
Fuzzy Numbers ◽  
Ideal Solution ◽  
Application Area ◽  
Erp System ◽  
Mcdm Method ◽  
Negative Ideal Solution ◽  
Picture Fuzzy Sets ◽  
System Selection

The purpose of this study is to develop an extension of CODAS method using picture fuzzy sets. In this respect, a new methodology is introduced to figure out how picture fuzzy numbers can be applied to CODAS method. COmbinative Distance-based Assessment (CODAS) is a new MCDM method proposed by Ghorabaee et al. Picture fuzzy sets (PFSs) are a new extension of ordinary fuzzy sets for representing human’s judgments having possibility more than two answers such as yes, no, refusal and neutral. Compared with other studies, the proposed method integrates multi-criteria decision analysis with picture fuzzy uncertainty based on Euclidean and Taxicab distances and negative ideal solution. ERP system selection problem is handled as the application area of the developed method, picture fuzzy CODAS. Results indicate that the new proposed method finds meaningful rankings through picture fuzzy sets. Comparative analyzes show that the presented method gives successful and robust results for the solutions of MCDM problems under fuzziness.

Methods for evaluating the computer network security with fuzzy number intuitionistic fuzzy dual Hamy mean operators

2020 ◽  
Vol 39 (3) ◽  
pp. 4427-4441
Author(s):  
Bin Xu
Keyword(s):  
Network Security ◽  
Membership Function ◽  
Fuzzy Number ◽  
Fuzzy Numbers ◽  
Computer Network ◽  
Information Aggregation ◽  
Security Evaluation ◽  
Uncertain Information ◽  
Intuitionistic Fuzzy ◽  
Computer Network Security

The concept of fuzzy number intuitionistic fuzzy sets (FNIFSs) is designed to effectively depict uncertain information in decision making problems which fundamental characteristic of the FNIFS is that the values of its membership function and non-membership function are depicted with triangular fuzzy numbers (TFNs). The dual Hamy mean (DHM) operator gets good performance in the process of information aggregation due to its ability to capturing the interrelationships among aggregated values. In this paper, we used the dual Hamy mean (DHM) operator and dual weighted Hamy mean (WDHM) operator with fuzzy number intuitionistic fuzzy numbers (FNIFNs) to propose the fuzzy number intuitionistic fuzzy dual Hamy mean (FNIFDHM) operator and fuzzy number intuitionistic fuzzy weighted dual Hamy mean (FNIFWDHM) operator. Then the MADM methods are proposed along with these operators. In the end, we utilize an applicable example for computer network security evaluation to prove the proposed methods.

scholarly journals A fuzzy methodology for approaching fuzzy sets of the real line by fuzzy numbers

2021 ◽  
Author(s):  
Antonio Francisco Roldán López de Hierro ◽  
Miguel Ángel Tíscar ◽  
Concepción Roldán ◽  
Humberto Bustince
Keyword(s):  
Fuzzy Sets ◽  
Real Line ◽  
Fuzzy Numbers ◽  
The Real

ANALYSIS OF FUZZY QUEUES BY USING PENTAGONAL FUZZY NUMBER

2021 ◽  
Vol 23 (04) ◽  
pp. 211-224
Author(s):  
Gurcharan Singh ◽  
◽  
Baljodh Singh ◽  
Neelam Kumari ◽  
◽  
...  
Keyword(s):  
Probability Theory ◽  
Fuzzy Set ◽  
Fuzzy Number ◽  
Queuing Theory ◽  
Fuzzy Numbers ◽  
Real Life ◽  
Linguistic Terms

This paper deals with the fact thatpentagonal fuzzy numbers are pre-owned and systematic outcomes are discussed in real-life situations. The fuzzy set supposition is combined with well-established classical queuing theory but the classical queuing theory is far away from real-life situations. In this approach, we can use both fuzzy and probability theory to make this work more realistic with the help of the α-cut technique. Symmetric pentagonal fuzzy numbers are used to elaborate on the situation of the queue in linguistic terms.

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