With the unit interval [0,1] as the truth value table, Chen and Wupresented the concept of  possibility computation over dcpos.Indeed, every possibility computation can be considered as a[0,1]-valued Scott open set on a dcpo. The aim of this paper is tostudy Chen-Wu's duality on quantale-valued setting. For clarity,with a commutative unital quantale $L$ as the truth value table, weintroduce a c...

Fuzzy economic models to evaluate the economic feasibility of information security investment for decision-makers is derived in this study. The Net Present Value and discounted Return on Investment models are proposed for the execution of cost-benefit analysis. Fuzzy mathematics is based on the extended principles which ensured that the resultant fuzzy number continuously maintained its fuzzy p...

This paper uses the concept of possibilistic risk aversion to propose a new approach for portfolio selection in fuzzy environment. Using possibility theory, the possibilistic mean, variance, standard deviation and risk premium of a fuzzy number are established. Possibilistic Sharpe ratio is defined as the ratio of possibilistic risk premium and possibilistic standard deviation of a portfolio. T...

The notion of fuzzy sets has proven useful in the context of control theory, pattern recognition, and medical diagnosis. However, it has also spawned the view that classical probability theory is unable to deal with uncertainties in natural language and machine learning, so that alternatives to probability are needed. One such alternative is what is known as “possibility theory.” Such alternati...

To tackle the problem with inexact, uncertainty and vague knowl- edge, constructive method is utilized to formulate lower and upper approx- imation sets. Rough set model over dual-universes in fuzzy approximation space is constructed. In this paper, we introduce the concept of rough set over dual-universes in fuzzy approximation space by means of cut set. Then, we discuss properties of rough se...

Numerical possibility distributions can encode special convex families of probability measures. The connection between possibility theory and probability theory is potentially fruitful in the scope of statistical reasoning when uncertainty due to variability of observations should be distinguished from uncertainty due to incomplete information. This paper proposes an overview of numerical possi...