The aim of this paper is to propose a convex risk measure in the framework of fuzzy random theory and verify its advantage over the conventional variance approach. For this purpose, this paper defines the quadratic deviation (QD) of fuzzy random variable as the mathematical expectation of QDs of fuzzy variables. As a result, the new risk criterion essentially describes the variation of a fuzzy ...

in statistical inference, the point estimation problem is very crucial and has a wide range of applications. when, we deal with some concepts such as random variables, the parameters of interest and estimates may be reported/observed as imprecise. therefore, the theory of fuzzy sets plays an important role in formulating such situations. in this paper, we rst recall the crisp uniformly minimum ...

Dimensional analysis, for multi-criteria decision making, is a mathematical method that includes diverse heterogeneous criteria into a single dimensionless index. Dimensional Analysis, in its current definition, presents the drawback to manipulate fuzzy information commonly presented in a multi-criteria decision making problem. To overcome such limitation, we propose two dimensional analysis ba...

A novel information identification model is proposed to support accurate classification tasks with mixtures of categorical and real-valued attributes. This model combines the advantages of rough set theory and cluster validity method to promote the classification quality to the higher levels. Real-valued attribute values are pre-processed by fuzzy c-means clustering method and then analyzed by ...

Fuzzy logic and fuzzy set theory enable us to use experts’ uncertain (“fuzzy”) knowledge in decision making. The corresponding methods usually generalize known methods of decision making which are based on the crisp (non-fuzzy) knowledge about the environment. These crisp methods enable us to come up with a crisp decision: e.g., whether we should build a plant or not. When we generalize these m...

Multiple attributes group decision making problems aim to find the best alternative for the experts from a solution set of alternatives. Because the attribute value and decision-makers evaluation with respect to the alternatives are usually vague and imprecise, fuzzy multiple attributes group decision making have been widely investigated, in which, ordering fuzzy evaluation results in fuzzy dec...

Data envelopment analysis (DEA) is a widely used mathematical programming approach for comparing the input and output of a set of comparable decision-making units (DMUs) by evaluating their relative efficiency. The traditional DEA methods require accurate measurement of both the inputs and outputs. However, the real evaluation of the DMUs is often characterized by imprecision and uncertainty in...

Financial mangers bave to make decisions Ilnder many restrictions and often have to deal with vague and imprecise information. In multicriteria problems, the best solution is sought in a set X of alternatives under certain constraints with rates of contentment,ili : X ~ [0,1]. Considering these rates as membership fnnctions, the tools that fuzzy logic provides Is adeqll3te to solving a multicri...

Most decision making methods used to evaluate a system or demonstrate the weak and strength points are based on fuzzy sets and evaluate the criteria with words that are modeled with fuzzy sets. The ambiguity and vagueness of the words and different perceptions of a word are not considered in these methods. For this reason, the decision making methods that consider the perceptions of decision...