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Published in:
2008 | OriginalPaper | Chapter
Fuzzy Sets in Engineering Economic Decision-Making
Author : Cengiz Kahraman
Published in: Fuzzy Engineering Economics with Applications
Publisher: Springer Berlin Heidelberg
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When no probabilities are available for states of nature, decisions are given under uncertainty. Fuzzy sets are a good tool for the operation research analyst facing uncertainty and subjectivity. The main purpose of this chapter is to present the role and importance of fuzzy sets in the economic decision making problem with the literature review of the most recent advances.