In this paper, we carry out the numerical study of a fuzzy portfolio selection model where the objective is to minimize the downside risk and the rates of returns on securities are approximated by means of LR-fuzzy numbers of trapezoidal form. Data from 96 securities over 195 month are used to compare the selected portfolios with a simple utility function and with the outof-sample data as well ...

Solutions of complex problems require intelligent systems that combine knowledge, techniques and methodologies, from different sources, considering environmental changes, for decision support improvement. Thus, it became necessary to apply robust methodologies to characterize the interaction among climatic variables related to epidemic progress. The objective of the present work was to evaluate...

in this paper, a new method based on parametric form for approximate solu-tion of fuzzy linear matrix equations (flmes) of the form ax = b; where ais a crisp matrix, b is a fuzzy number matrix and the unknown matrix x one,is presented. then a numerical example is presented to illustrate the proposedmodel.

considering the contemporary business settings, managers’ role is more than essential to the viability and further development of an organization. managers should possess such skills in order to effectively cope with the competition. multiple attributes decision making (madm) is an approach employed to solve problems involving selection from among a finite number of alternatives. the aim of thi...

decision making about outsourcing or insourcing of manufacturing activities is a type of multiple criteria decision making (mcdm) problem, which requires considering quantitative and qualitative factors as evaluation criteria simultaneously. therefore, a suitable mcdm method can be useful in this area as it can consider the interactions among quantitative and qualitative criteria. the analytic ...

In this paper we illustrate the LU representation of fuzzy numbers and present an LU-fuzzy calculator, in order to explain the use of the LU-fuzzy model and to show the advantage of the parametrization. The model can be applied either in the level-cut or in generalized LR frames. The hand-like fuzzy calculator has been developed for the MSWindows platform and produces the basic fuzzy calculus: ...

This paper extends the author’s earlier work on the Law of Large Numbers for fuzzy numbers [2] to the case where the fuzzy numbers are of type L-R. Namely, we shall define a class of Archimedean triangular norms in which the equality lim n→∞ Nes(mn − ≤ ηn ≤ mn + = 1, for any > 0, holds for all sequences of fuzzy numbers, ξi = (Mi, α, β)LR, i ∈ N, with twice differentiable and concave shape func...

This paper presents two fuzzy portfolio selection models where the objective is to minimize the downside risk constrained so that a given expected return should be achieved. We assume that the rates of returns on securities are approximated as LR-fuzzy numbers of the same shape, and that the expected return and risk are evaluated by interval-valued means. We establish the relationship between t...

A weighted linear regression model with impercise response and p-real explanatory variables is analyzed. The LR fuzzy random variable is introduced and a metric is suggested for coping with this kind of variables. A least square solution for estimating the parameters of the model is derived. The result are illustrated by the means of some case studies.