Possibility for Decision - A Possibilistic Approach to Real Life Decisions

This book starts with the basic concepts of fuzzy sets and progresses through a normative view on possibility distributions and OWA operators in multiple criteria decisions.
Five applications (that all build on experience from solving complex real world problems) of possibility distributions to strategic decisions about closing/not closing a production plant using fuzzy real options, portfolio selection with imprecise future data, predictive probabilities and possibilities for risk assessment in grid computing, fuzzy ontologies for process industry, and design (and implementation) of mobile value services are presented and carefully discussed. It can be useful for researchers and students working in soft computing, real options, fuzzy decision making, grid computing, knowledge mobilization and mobile value services.

List of contents

1 Introduction.- 2 Concepts and Issues.- 3 A Normative View on Possibility Distributions.- 4 OWA Operators in Multiple Criteria Decisions.- 5 Fuzzy Real Options for Strategic Decisions.- 6 Portfolio Selection with Imprecise Future Data.- 7 Risk Assessment in Grid Computing.- 8 Knowledge Mobilization.- 9 Mobile Value Services.

Summary

This book starts with the basic concepts of fuzzy sets and progresses through a normative view on possibility distributions and OWA operators in multiple criteria decisions.  
Five applications  (that all build on experience from solving complex real world problems) of possibility distributions to strategic decisions about closing/not closing a production plant using fuzzy real options,  portfolio selection with imprecise future data, predictive probabilities and possibilities for risk assessment in grid computing, fuzzy ontologies for process industry, and  design (and implementation) of mobile value services are presented and carefully discussed. It can be useful for researchers and students working in soft computing, real options, fuzzy decision making, grid computing, knowledge mobilization and mobile value services.

Product details

• Authors: Christe Carlsson, Christer Carlsson, Robert Fuller
• Publisher: Springer, Berlin
• Languages: English
• Product format: Paperback / Softback
• Released: 20.08.2013
• EAN: 9783642271281
• ISBN: 978-3-642-27128-1
• No. of pages: 249
• Dimensions: 155 mm x 14 mm x 235 mm
• Weight: 406 g
• Illustrations: XI, 249 p.
• Series: Studies in Fuzziness and Soft Computing; Studies in Fuzziness and Soft Computing
• Subjects: Natural sciences, medicine, IT, technology > Technology > General, dictionaries; B, Wahrscheinlichkeitsrechnung und Statistik, engineering, Mathematical and Computational Engineering, Mathematical & statistical software, Engineering mathematics, Applied mathematics, Computational Intelligence, Maths for computer scientists, Mathematical and Computational Engineering Applications, Maths for engineers, Mathematical statistics, Probability and Statistics in Computer Science, Probability and statistics