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Possibility for Decision

A Possibilistic Approach to Real Life Decisions

  • Book
  • © 2011

Overview

  • Advanced research on possibility distributions and decisions
  • Application of fuzzy logic, probability and possibility theory
  • Written by leading experts in the fiel

Part of the book series: Studies in Fuzziness and Soft Computing (STUDFUZZ, volume 270)

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About this book

This book starts with the basic concepts of fuzzy sets and progresses through a normative view on possibility distributions and OWA operators in multiple criteria decisions.  

Five applications  (that all build on experience from solving complex real world problems) of possibility distributions to strategic decisions about closing/not closing a production plant using fuzzy real options,  portfolio selection with imprecise future data, predictive probabilities and possibilities for risk assessment in grid computing, fuzzy ontologies for process industry, and  design (and implementation) of mobile value services are presented and carefully discussed. It can be useful for researchers and students working in soft computing, real options, fuzzy decision making, grid computing, knowledge mobilization and mobile value services.

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Keywords

Table of contents (9 chapters)

Authors and Affiliations

  • IAMSR Abo Akademi University, Abo, Finland

    Christer Carlsson, Robert Fullér

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