uncertainty inherent in the financial market was usually consid- ered to be random. however, randomness is only one special type of uncer- tainty and appropriate when describing objective information. for describing subjective information it is preferred to assume that uncertainty is fuzzy. this paper defines the expected payoof trading strategies in a fuzzy financial market within the framewor...

the railway transportation planning under the fuzzy environment is investigated in this paper. as a main result, a new modeling method, called minimum risk chance-constrained model, is presented based on the credibility measure. for the convenience ofs olving the mathematical model, the crisp equivalents ofc hance functions are analyzed under the condition that the involved fuzzy parameter...

coalitional game deals with situations that involve cooperations among players, and there are different solution concepts such as the core,the shapley value and the kernel. in many situations, there is no way to predict the payoff functions except for the expert experiencesand subjective intuitions, which leads to the coalitional game with fuzzy payoffs. within the framework of credibility theo...

In insurance, credibility theory (CT) is used to develop a weighted average of the claims experience of an individual contract and the experience for the whole portfolio, where the weight factor is the credibility attached to the individual experience. Recently, Liu and Liu (2002) and Liu (2007), in the study of the behavior of fuzzy phenomena, formulated an alternate version of credibility the...

Web search engines apply a variety of ranking signals to achieve user satisfaction, i.e., results pages that provide the best-possible results to the user. While these ranking signals implicitly consider credibility (e.g., by measuring popularity), explicit measures of credibility are not applied. In this chapter, credibility in Web search engines is discussed in a broad context: credibility as...

Credibility is an old yet modern topic. It has a particular significance in the current trend of market economy. However, China is facing a serious crisis of credibility nowadays. This paper proposes the suggestion of building credibility system in China from legal perspective.