Fuzzy models in economics (Q2213677)

``Fuzzy set theory is an extension of the Boolean set theory. The multivalued logic and the lattice are the theoretical background of fuzzy set theory. Fuzzy sets provide a better representation of the reality than the classical mathematical representation based on two-valued logic. Fuzzy set theory laid the foundations for vital modeling uncertainty, vagueness, and imprecision. The theory of fuzzy sets noted a great progress in economics in both theoretical and practical studies.'' Each chapter presents a real economic problem with its fuzzy model theory, which is then solved step by step. The results are illustrated through graphs and tables. The related references are also listed. The book is also included the pioneering works of Prof. Zadeh.