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2013 | OriginalPaper | Chapter

Using Fuzzy Models in Managerial Decision

Authors : Dorin Lixăndroiu, Radu Lixăndroiu

Published in: The Changing Business Landscape of Romania

Publisher: Springer New York

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Abstract

Decision-making plays an important part in management and business. There are numerous systematic methods and models which provide assistance in the decision-making process. Classical fuzzy sets (the concept of Fuzzy Set was introduced by Zadeh in 1965) and intuitionistic fuzzy sets (a concept introduced by Atanasov in 1986) represent powerful tools in modeling complex phenomena which exhibit shades of difference and involve imprecise information. The paper presents two algorithms for the consultation process using the Delphi Method and several algorithms for multi-attribute decision models, modified for attributes values given under the form of FS and/or IFS. The devised algorithms are analyzed comparatively using numeric examples.

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Title: Using Fuzzy Models in Managerial Decision
Authors: Dorin Lixăndroiu
Radu Lixăndroiu
Publisher: Springer New York
Book: The Changing Business Landscape of Romania
Print ISBN: 978-1-4614-6864-6

Electronic ISBN: 978-1-4614-6865-3

Copyright Year: 2013
DOI: https://doi.org/10.1007/978-1-4614-6865-3_15