The Black–Scholes Option pricing model (OPM) developed in 1973 has always been taken as the cornerstone of option pricing model. The generic applications of such a model are always restricted by its nature of not being suitable for fuzzy environment since the decision-making problems occurring in the area of option pricing are always with a feature of uncertainty. When an investor faces an opti...

Fuzziness is an inherent property of geographical phenomena and the processes data acquisition, processing, analysis often introduce uncertainty. Existing methods predominantly use fuzzy set (FS) theory to capture fuzziness as spatial objects. However, this approach has a conceptual confusion regarding fuzziness, uncertainty, vagueness, membership degree expressed using accurate values that ign...

Fuzzy set map comparison offers a novel approach to map comparison (Hagen 2003). The approach is specifically aimed at categorical raster maps and applies fuzzy set techniques, accounting for fuzziness of location and fuzziness of category, to create a similarity map as well as an overall similarity statistic: the Fuzzy Kappa. To date, the calculation of the Fuzzy Kappa (or K-fuzzy) has not bee...

The backing of the fuzzy ideal is normal ideal in some ring and in same time there fuzzy set whose is not fuzzy ideal and it backing set is ideal, i.e., it crisp is normal ideal. Consequently, in this paper we constructing a fuzziness function which defined on fuzzy sets and assigns membership grade for every fuzzy set whose it backing set are crisp ideal. Now, Let  be collection of all fuzzy s...