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Uncertainty Management Using Triangular Fuzzy Numbers with Associated Variable Indicators

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  • Ionel Ciprian Alecu

    (Romanian Academy)

Abstract

Any decision-making process encounters many difficulties in ensuring the necessary amount of information (the available knowledge being incomplete and insecure, usually in different proportions), respectively the way of determining the optimal decision-making variant, achieving consensus on how to implement. Therefore, the process of making decision under conditions of uncertainty required the development of new ways of its reduction or absorption. It is important to notice that from a practical point of view, the fuzzy numbers are closer subjects for the logic argumentation of an action course specific for IIIrd degree uncertainty conditions, that will ultimately support new perspectives for an easier manner of information modelling in regard with economic and social phenomena. In therefore makes sense the increasing concern for the above mentioned specific instruments theoretical framework developments. The current paperwork considers the uncertainty analysis within the management processes, by using the triangular fuzzy numbers with variable associated indicators, by actually using an uncertainty specific associated absorption indicator, along with elementary operations. Furthermore, an optimal decision analysis, specific for random values of the absorption of the uncertainty indicator it is considered, within different methods.

Suggested Citation

  • Ionel Ciprian Alecu, 2021. "Uncertainty Management Using Triangular Fuzzy Numbers with Associated Variable Indicators," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 555-561, December.
  • Handle: RePEc:ovi:oviste:v:xxi:y:2021:i:2:p:555-561
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    References listed on IDEAS

    as
    1. Ciprian Ionel Alecu & Octavian Jaba, 2009. "Unconventional methods of strategic distribution of the incertitude," THE YEARBOOK OF THE "GH. ZANE" INSTITUTE OF ECONOMIC RESEARCHES, Gheorghe Zane Institute for Economic and Social Research ( from THE ROMANIAN ACADEMY, JASSY BRANCH), vol. 18, pages 15-28.
    2. Antonio MATURO & Fabrizio MATURO, 2017. "Alternative Fuzzy Operations: A Critical Approach And Applications In Social And Economic Sciences," THE YEARBOOK OF THE "GH. ZANE" INSTITUTE OF ECONOMIC RESEARCHES, Gheorghe Zane Institute for Economic and Social Research ( from THE ROMANIAN ACADEMY, JASSY BRANCH), vol. 26(1), pages 3-19.
    3. Ionel-Ciprian ALECU, 2019. "Methodological aspects regarding the use of triangular fuzzy numbers with associated variable indicators in decision making," THE YEARBOOK OF THE "GH. ZANE" INSTITUTE OF ECONOMIC RESEARCHES, Gheorghe Zane Institute for Economic and Social Research ( from THE ROMANIAN ACADEMY, JASSY BRANCH), vol. 28(1), pages 21-32.
    4. Schjaer-Jacobsen, Hans, 2004. "Modeling Of Economic Uncertainty," Fuzzy Economic Review, International Association for Fuzzy-set Management and Economy (SIGEF), vol. 0(2), pages 49-73, November.
    5. Ciprian Ionel ALECU, 2011. "Epistemic analysis of methods using elementary triangular fuzzy numbers with associated indicators," THE YEARBOOK OF THE "GH. ZANE" INSTITUTE OF ECONOMIC RESEARCHES, Gheorghe Zane Institute for Economic and Social Research ( from THE ROMANIAN ACADEMY, JASSY BRANCH), vol. 20(1), pages 5-12.
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    More about this item

    Keywords

    decision making; uncertainty; triangular fuzzy numbers; index of uncertainty management;
    All these keywords.

    JEL classification:

    • D81 - Microeconomics - - Information, Knowledge, and Uncertainty - - - Criteria for Decision-Making under Risk and Uncertainty
    • M10 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - General

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