Fuzzy Logic for Business, Finance, and Management (Advances in Fuzzy Systems U Applications and Theory) (Advances in Fuzzy Systems - Applications and Theory)

this Is Truly An Interdisciplinary Book For Knowledge Workers In Business, Finance, Management And Socio-economic Sciences Based On Fuzzy Logic. It Serves As A Guide To And Techniques For Forecasting, Decision Making And Evaluations In An Environment Involving Uncertainty, Vagueness, Impression And Subjectivity. Traditional Modeling Techniques, Contrary To Fuzzy Logic, Do Not Capture The Nature Of Complex Systems Especially When Humans Are Involved. Fuzzy Logic Uses Human Experience And Judgement To Facilitate Plausible Reasoning In Order To Reach A Conclusion. Emphasis Is On Applications Presented In The 27 Case Studies Including Time Forecasting For Project Management, New Product Pricing, And Control Of A Parasit-pest System. Key Features:No prior knowledge of fuzzy logic is neededNotes offered after each chapter include historical and philosophical remarks which put the topics in a wider contextA multi-purpose book that is accessible to students and of interest to expertsSome original results are presented