we use the basic binomial option pricing method but allow someor all the parameters in the model to be uncertain and model this uncertaintyusing fuzzy numbers. we show that with the fuzzy model we can, with areasonably small number of steps, consider almost all possible future stockprices; whereas the crisp model can consider only n + 1 prices after n steps.

in this paper we study two important concepts, i.e. the direct andthe inverse limit of hyperstructures associated with fuzzy sets of type 2, andshow that the direct and the inverse limit of hyperstructures associated withfuzzy sets of type 2 are also hyperstructures associated with fuzzy sets of type 2.

several tables have been given due to a − minimal sets. our main aim in this paper is tocomplete these tables by employing several examples.