This article extends the Wilcoxon signed rank test for testing whether the median of a population is a specified constant by treating the observations as imprecise values. The test procedure is developed by using the concepts of “Credibility Theory” for studying the behavior of fuzzy phenomena. Numerical illustration of the proposed test is provided by representing the observations as trapezoid...

we consider biobjective shortest path problems in networks with fuzzy arc lengths. considering the available studies for single objective shortest path problems in fuzzy networks, using a distance function for comparison of fuzzy numbers, we propose three approaches for solving the biobjective prob- lems. the rst and second approaches are extensions of the labeling method to solve the sing...

We present a fuzzy optimization problem in business and economics. In this problem, a fuzzy price is determined by using a linear two degree demand functions. The objective is to find the optimal fuzzy revenue, which is derived from the fuzzy price. We use level (λ, 1) interval-valued fuzzy numbers to consider the fuzzy price and the fuzzy revenue. Using signed distance to defuzzify, we can obt...

Ranking fuzzy numbers is a prerequisite for the decision making problem. In order to rank fuzzy quantities many researchers proposed and analyzed different techniques on triangular and trapezoidal fuzzy numbers. However, no one can claim their method is a satisfactory one. In this paper a modified distance based approach called signed distance proposed by Yao and Wu [9] is discussed. This propo...

A fuzzy inventory model with price dependent demand is considered. The shortages are allowed . The objective is to determine the optimal total cost and the optimal time length of the plan for the proposed model. The trapezoidal fuzzy numbers are introduced to achieve this objective. The signed distance method is used for defuzzification process. To illustrate the results of this model, sensitiv...

this paper submitting the computation of optimize point of ordering in inventory control systems and particularly for continuous review of ordering system (r,q) by fuzzy logic method which similarly can be used for other ordering systems. since in the ordering models we cannot forecast the parameters like cost exactly, we have ambiguity. in this case using precise parameters may cause wrong dec...

Although the classical dividend discount model (DDM) is a wellknown and widely used model in evaluating the intrinsic price of common stock, the practical pattern of dividends, required rate of return or growth rate of dividend do not generally coincide with any of the model’s assumptions. It is just the opportunity to develop a fuzzy logic system that takes these vague parameters into account....

The goal of this paper is to solve a matrix game with fuzzy payoffs. In this paper, a fuzzy matrix game has been considered and its solution methodology has been proposed. In this paper, fuzzy payoff values are assumed to be trapezoidal fuzzy numbers. Then the corresponding matrix game has been converted into crisp game using defuzzification of fuzzy number. Here, widely known signed distance m...

data obtained in association with many real-life random experiments from different fields cannot be perfectly/exactly quantified.hspace{.1cm}often the underlying imprecision can be suitably described in terms of fuzzy numbers/values. for these random experiments, the scale of fuzzy numbers/values enables to capture more variability and subjectivity than that of categorical data, and more accura...