the goal of this paper is to show how the concept of fuzzy logic can be used to establish a degree to which an investment project belongs to a class of risk. also, the probability of the fuzzy event is presented and is ap-plied to calculate the probability of the fuzzy event “the project x is a good investment”. this process has to enable the decision maker to compare several alternative invest...

in applications there occur different forms of uncertainty. the twomost important types are randomness (stochastic variability) and imprecision(fuzziness). in modelling, the dominating concept to describe uncertainty isusing stochastic models which are based on probability. however, fuzzinessis not stochastic in nature and therefore it is not considered in probabilisticmodels.since many years t...

This chapter introduces the underlying theory of Fuzzy Probability and Statistics related to the differences and similarities between discrete probability and possibility spaces. Fuzzy Probability Theory for Discrete Case starts with the fundamental tools to implement an immigration of crisp probability theory into fuzzy probability theory. Fuzzy random variables are the initial steps to develo...