Contrast to identical rationality, non-identical rationality is laid as the basis for option pricing, realized by a family of non-additive fuzzy measures mathematically, which naturally induces the new concept and analyzing methods, fuzzy options. Then as demonstration, the paper applies the fuzzy options to default risk analysis for municipal bonds in China.

Severe atmospheric and road surface conditions on rural highways create a variety of transportation hazards. Variable Speed Limit (VSL) systems can mitigate the dangers caused by these conditions by displaying prudent maximum speed limits that reflect the prevailing atmospheric and road surface conditions. This paper discusses the design and implementation of a fuzzy rulebased system (FRBS) tha...

background: noise prediction is considered to be the best method for evaluating cost-preventative noise controls in industrial workrooms. one of the most important issues is the development of accurate models for analysis of the complex relationships among acoustic features affecting noise level in workrooms. in this study, advanced fuzzy approaches were employed to develop relatively accurate ...

Conventional approaches to modeling classification image data can be described in terms of a standard linear model (LM). We show how the problem can be characterized as a Generalized Linear Model (GLM) with a Bernoulli distribution. We demonstrate via simulation that this approach is more accurate in estimating the underlying template in the absence of internal noise. With increasing internal n...

Chiclana, Herrera and Herrera-Viedma studied conditions under which the reciprocity property is maintained in the aggregation of reciprocal fuzzy preference relations using the OWA operator guided by a relative linguistic quantifier. In this note, we focus on the reciprocity in the aggregation of fuzzy preference relations (that is, the additive reciprocity is not assumed) using the OWA operato...

Comparing the performance of a set of activities or organizations under uncertainty environment has been performed by means of Fuzzy Data Envelopment Analysis (FDEA) since the traditional DEA models require accurate and precise performance data. As regards a method for dealing with uncertainty environment, many researchers have introduced DEA models in fuzzy environment. Some of these models ar...

Regarding the fact that getting a suitable combination of the human resources and service stations is one of the important issues in the most service and manufacturing environments, In this paper, we have studied the two models of planning queuing systems and its effect on the cost of the each system by using two fuzzy queuing models of M/M/1 and M/E2/1. In the first section, we have compar...