In this paper, we deal with games with fuzzy payoffs. We proved that players who are playing a zero-sum game with fuzzy payoffs against Nature are able to increase their joint payoff, and hence their individual payoffs by cooperating. It is shown that, a cooperative game with the fuzzy characteristic function can be constructed via the optimal game values of the zero-sum games with fuzzy payoff...

This paper presents a type-2 fuzzy rule based expert system to handle uncertainty in complex problems such as portfolio selection. In a type-2 fuzzy expert system both antecedent and consequent have type-2 membership function. This research uses indirect approach fuzzy modeling, where the rules are extracted automatically by implementing a clustering approach. For this purpose, a new cluster an...

This paper discusses some models of Imprecise Probability Theory obtained by propagating uncertainty in risk analysis when some input parameters are stochastic and perfectly observable, while others are either random or deterministic, but the information about them is partial and is represented by possibility distributions. Our knowledge about the probability of events pertaining to the output ...

this paper provides a fuzzy based decision support system (dss) for risk analysis in e-tourism ( electronic tourism ) investment. in general term, e-tourism is the use of information and communication technology (ict) in tourism which may allow operating tourism in least variable cost, least time and increased work efficiency. it is worth noting that there are many factors that affect the deve...

In this paper we introduce the concept of orbital fuzzy iterated function system and prove that operator associated with such a is weakly Picard. An example provided.

Supplier evaluation and selection is a critical decision process for companies in order to gain competitive advantage. Decision models focusing on risk minimization have recently received increasing attention in supplier selection literature. In this paper, risk factors, which incorporate qualitative as well as quantitative data, are employed in fuzzy data envelopment analysis for obtaining eff...

In statistical inference, the point estimation problem is very crucial and has a wide range of applications. When, we deal with some concepts such as random variables, the parameters of interest and estimates may be reported/observed as imprecise. Therefore, the theory of fuzzy sets plays an important role in formulating such situations. In this paper, we rst recall the crisp uniformly minimum ...

In the present paper, we introduce the fuzzy Nehring axiom, fuzzy Sen axiom and weaker form of the weak fuzzycongruence axiom. We establish interrelations between these axioms and their relation with fuzzy Chernoff axiom. Weexpress full rationality of a fuzzy choice function using these axioms along with the fuzzy Chernoff axiom.

one of the most important challenges in nonlinear, multi-input multi-output (mimo) and time variant systems (e.g., robot manipulator) is designing a controller with acceptable performance. this paper focused on design a new artificial non linear controller with on line tunable gain applied in the robot manipulator. the sliding mode fuzzy controller (smfc) was designed as 7 rules mamdani’s infer...

The goal of this paper is to show how the concept of fuzzy logic can be used to establish a degree to which an investment project belongs to a class of risk. Also, the probability of the fuzzy event is presented and is ap-plied to calculate the probability of the fuzzy event “the project X is a good investment”. This process has to enable the decision maker to compare several alternative invest...