Theoretical and Empirical Confusion Functions

Measurement of Membership Functions: Theoretical and Empirical Work

This chapter presents a review of various interpretations of the fuzzy membership function together with ways of obtaining a membership function. We emphasize that different interpretations of the membership function call for different elicitation methods. We try to make this distinction clear using techniques from measurement theory. 3.

Value of Travel Time :Theoretical and Empirical Method

The value of travel time savings (VTTS) is the monetary value attached to save a determined amount of travel time. VTTS is also the most important benefit category aimed at justifying investments in transport infrastructures by public administrations. Hence VTTS played a significant role in various economic studies, both analytical and empirical (Zamparini & Reggiani, 2007). "It is difficult to...

Theoretical and Empirical Analysis of Economic Resilience Index

Resilience is defined in different ways by different disciplines and different authors but in general resilience may be defined as the ability of a system and its component parts to anticipate, absorb, accommodate, or recover from the effects of a hazardous event in a timely and efficient manner. Resilience is applicable at the micro as macro level, and for this reason, is sometimes defined as ...

Theoretical and Empirical Analyses

Theoretical Model and Empirical Background

This chapter discusses the theoretical and empirical issues relevant to the study. The chapter consists of 8 parts. Section 3.1 provides the theoretical background for educational investments. Section 3.2 discusses the benefits of education. Section 3.3 discusses the costs of education. Section 3.4 discusses the concepts of net present value and internal rate of return. Section 3.5 outlines the...