Possibility for decision. A possibilistic approach to real life decisions.
Fuzzy probability (60A86) Multi-objective and goal programming (90C29) Fuzzy and other nonstochastic uncertainty mathematical programming (90C70) Research exposition (monographs, survey articles) pertaining to game theory, economics, and finance (91-02) Decision theory (91B06) Portfolio theory (91G10) Corporate finance (dividends, real options, etc.) (91G50)
The monograph is devoted to investigating possibility distributions and their usage in decision making under uncertain information. The book is divided into 9 chapters. After a general introduction and outline of the organization of the material contained in the book in Chapter 1, the authors introduce in Chapter 2 the concepts of fuzzy set, extension principle, averaging operator, and compare possibility and probability distributions. The next chapter is devoted to a detailed study of properties of possibility distributions, their extensions, and related topics as e.g. possibilistic mean value, variance, covariance or possibilistic correlation coefficient. The introduced concepts are illustrated by examples. Chapter 4 investigates the concept of ordered weighted averaging (OWA) operators. Known properties as well as some new results concerning OWA operators are presented. Examples of using these operators for multicriteria decision making in settlement modeling under various budget restrictions demonstrate the applicability of the theoretical results. None, fixed, flexible, and fuzzy budget constraints are considered. Probabilistic distribution is further used in Chapter 5 to model strategic decisions in situations with fuzzy real options. The main ideas concerning decisions about closing production plants are explained under various additional real world conditions. Applications of possibilistic concepts to portfolio selection, risk assessment in grid computing, and knowledge mobilization are presented in Chapters 6--8. The last chapter of the book discusses advantages of applying the possibilistic approach to designing mobile value services. A long list of related references (364 items) and an index conclude the book.
- On decision-making in possibility theory.
- Two axiomatic approaches to decision making using possibility theory
- scientific article; zbMATH DE number 2154382
- A new approach to specificity in possibility theory: decision-making point of view
- Possibilistic sequential decision making
- scientific article; zbMATH DE number 6027107
- A possibilistic approach to investment decision making
- Decision making under interval probabilities.
- A possibilistic decision logic with applications
- scientific article; zbMATH DE number 4062769
- Possibilistic data analysis for operations research
- The effect of prudence on the optimal allocation in possibilistic and mixed models
- Nguyen type theorem for extension principle based on a joint possibility distribution
- Necessary and sufficient conditions for the equality of the interactive and non-interactive sums of two fuzzy numbers
- Necessary and sufficient conditions for the equality of interactive and non-interactive extensions of continuous functions
- Fuzzy pay-off method for real options: the center of gravity approach with application in oilfield abandonment
- Credibilistic variance and skewness of trapezoidal fuzzy variable and mean-variance-skewness model for portfolio selection
- A mean-variance portfolio selection model with interval-valued possibility measures
- The interest rate for saving as a possibilistic risk
- Expected utility operators and coinsurance problem
- On the approximation of a membership function by empirical quantile functions
- On possibilistic representations of fuzzy intervals
- Piecewise linear approximation of fuzzy numbers: algorithms, arithmetic operations and stability of characteristics
- On the convergence of sigmoidal fuzzy grey cognitive maps
- Comparison of the Datar-Mathews method and the fuzzy pay-off method through numerical results
- Interval and fuzzy average internal rate of return for investment appraisal
- A fuzzy portfolio selection model with background risk
- Soft Decision Support Systems for Evaluating Real and Financial Investments
- On generalization of Nguyen's theorem: a short survey of recent developments
- Risk aversion, prudence and mixed optimal saving models
- Possibilistic risk aversion and coinsurance problem
- A theory of calculus for A-correlated fuzzy processes
- Application of tropical optimization for solving multicriteria problems of pairwise comparisons using log-Chebyshev approximation
- An uncertain bi-objective mean-entropy model for portfolio selection with realistic factors
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