Fuzzy logic in financial analysis.

MaRDI QIDQ2483744zbMATH OpenFDO

Authors Anna M. Gil-Lafuente

Publication date 27 July 2005

Published in Studies in Fuzziness and Soft Computing (Search for Journal in Brave)

zbMATH Keywords

businesscapitalcostseconomic meansfinancefuzzy logicfuzzy setsubjective estimationuncertainty

Mathematics Subject Classification ID

Theory of fuzzy sets, etc. (03E72) Introductory exposition (textbooks, tutorial papers, etc.) pertaining to game theory, economics, and finance (91-01) Fundamental topics (basic mathematics, methodology; applicable to economics in general) (91B02)

Review text

The book under review offers a wide survey of modern ideas and methods regarding the mathematical and logical treatment of recent business and economy. Namely, it is focused on the mathematical tools reflecting the uncertainty of non-stochastic type, following from complex and multiple relations among economic phenomena, and from rapid changes of the structures, rules and interests existing in the global economy. The fuzzy logical concepts are presented as adequate to the modelled situation. The monograph is divided into twenty three relatively brief chapters devoted to the fuzzy logical processing of uncertainty in particular standard situations. It is possible to group the chapters into several clusters dealing with the introduction of the general elementary concepts, analysis of financing and risk (with a side-topic of the uncertainty of capital cost), strategic behaviour in the financial policy and analysis of the financial products submission. The book is written on a mathematically simple level using elementary computational tools acceptable for a wide scale of readers.

Recommendations

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Cited in

(15)

• Incorporating managerial thinking in prediction and control: Case study of market penetration
• A class of universal approximators of real continuous functions revisited
• Pricing European options under uncertainty with application of Lévy processes and the minimal L^q equivalent martingale measure
• Financial markets analysis by using a probabilistic fuzzy modelling approach
• Pricing of minimum guarantees in life insurance contracts with fuzzy volatility
• Application of Lévy processes and Esscher transformed martingale measures for option pricing in fuzzy framework
• Group decision making with expertons and uncertain generalized probabilistic weighted aggregation operators
• The connection between distortion risk measures and ordered weighted averaging operators
• On a fuzzy discretization of continuous distributions with applications to risk models
• Robust adaptive self-structuring fuzzy control design for nonaffine, nonlinear systems
• scientific article; zbMATH DE number 5164155 (Why is no real title available?)
• STOCK EVALUATION USING FUZZY LOGIC
• scientific article; zbMATH DE number 1476923 (Why is no real title available?)
• Fuzzy post-retirement financial concepts: an exploratory study
• New decision-making techniques and their application in the selection of financial products

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