A fuzzy cognitive map is a graphical means of representing arbitrarily complex models of interrelations between concepts. The purpose of this paper is to describe a fuzzy cognitive map based on the random neural network model called the random fuzzy cognitive map, and to illustrate its application in the modeling of process. This model is based on the probability of activation of the neurons/co...

In this paper, several portfolio selection problems with normal mixture distributions including fuzziness are proposed. Until now, many researchers have proposed portfolio models based on the stochastic approach, and there are some models considering both random and ambiguous conditions, particularly using fuzzy random or random fuzzy variables. However, the model including normal mixture distr...