This paper discusses two topics on fuzzy random variables in decision making. One is a new evaluation method of fuzzy random variables, and the other is to present a mathematical model in financial engineering by fuzzy random variables. The evaluation method is introduced as mean values defined by fuzzy measures, and it is also applicable to fuzzy numbers and fuzzy stochastic process defined by...

Considering vast and miscellaneous contents in P2P system, intelligent P2P network topology is required to route queries to a relevant subset of peers. Based on the incremental clustering capability of Fuzzy Adaptive Resonance Theory (Fuzzy ART), this paper made use of the modified fuzzy ART to provide small-world P2P construction mechanism, which was not only to categorize peers so that all th...

The primary goal of this paper is to price European options in the Merton’s framework with underlying assets following jump-diffusion using fuzzy set theory. Owing to the vague fluctuation of the real financial market, the average jump rate and jump sizes cannot be recorded or collected accurately. So the main idea of this paper is to model the rate as a triangular fuzzy number and jump sizes a...

Based on the definitions and properties of fuzzy metric for random sets. We considered limit theory weighted sums sets in sense metric. The are independent compactly uniformly integrable, weights more general constants. convergence is induced by Hausdorff

In many applications, such as intelligent decision systems, there are usually random perturbations caused by the constant changing of real situations, thus the analysis of the robustness with respect to random perturbations is practically important. In the side of fuzzy methods, a corresponding problem arises: will a small random perturbation of fuzzy input cause a big variance of fuzzy output?...

The modeling of complex risk situations imposes the existence of multiple ways to represent the risk and compare the risk situations between them. In probabilistic models, risk is described by random variables and risk situations are compared by stochastic dominance. In possibilistic or credibilistic models, risk is represented by fuzzy variables. This paper concerns three indicators of dominan...

By dealing with interarrival times as exponentially distributed fuzzy random variables, a fuzzy random homogeneous Poisson process and a fuzzy random compound Poisson process are respectively defined. Several theorems on the two processes are provided, respectively.

It is known that from the purely mathematical viewpoint, fuzzy sets can be interpreted as equivalent classes of random sets. This interpretations helps to teach fuzzy techniques to statisticians and also enables us to apply results about random sets to fuzzy techniques. The problem with this interpretation is that it is too complicated: a random set is not an easy notion, and classes of random ...

Considering the increasing interest in fuzzy theory and possible applications,the concept of fuzzy metric space concept has been introduced by severalauthors from different perspectives. This paper interprets the theory in termsof metrics evaluated on fuzzy numbers and defines a strong Hausdorff topology.We study interrelationships between this theory and other fuzzy theories suchas intuitionis...