Fuzzy logic in management.

MaRDI QIDQ1422043zbMATH OpenFDO

Authors D. Massart

Publication date 17 February 2004

Published in International Series in Operations Research & Management Science (Search for Journal in Brave)

zbMATH Keywords

decision support systemsfuzzy logicknowledge managementmanagementmathematical financemobile technologyreal options

Mathematics Subject Classification ID

Theory of fuzzy sets, etc. (03E72) Computing methodologies for information systems (hypertext navigation, interfaces, decision support, etc.) (68U35) Research exposition (monographs, survey articles) pertaining to operations research and mathematical programming (90-02) Management decision making, including multiple objectives (90B50)

Review text

This well-written book presents applications of fuzzy logic in the area of management. The book starts with a gentle introduction to management and decision support systems, which is followed by a chapter on the principles of fuzzy sets and fuzzy logic arithmetic. The authors then proceed to introduce the concepts of group decision support systems and consensus modeling using fuzzy logic. Chapter 4 follows, which deals with the area of real options of mathematical finance, and how fuzzy logic real options extend the standard Black-Scholes methodology for their valuation. Chapter 5 presents a summary of research work for the problem of reducing the bullwhip effect in supply chains, followed by a long chapter on applications of fuzzy logic to knowledge management (i.e., the collection, storage, management and transfer of knowledge). The book concludes with a chapter on applications of fuzzy logic to mobile technology, including how mobile technology can be supported with software agents.

Recommendations

• scientific article; zbMATH DE number 1476923
• Fuzzy logic for planning and decision making
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Cited in

(11)

• Incorporating managerial thinking in prediction and control: Case study of market penetration
• The interactive management of human resources in uncertainty
• Fuzzy models in economics
• Supply chain management under fuzziness. Recent developments and techniques
• The \(F\)-objective function method for differentiable interval-valued vector optimization problems
• Fuzziness in supply chain management
• Fuzzy measurement in quality management systems
• scientific article; zbMATH DE number 5164155 (Why is no real title available?)
• scientific article; zbMATH DE number 1476923 (Why is no real title available?)
• Mathematical modeling using fuzzy logic. Applications to sustainability
• Sharing risk through concession contracts

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