Possibility for Decision: A Possibilistic Approach to Real Life Decisions (Studies in Fuzziness and Soft Computing, 270)

✍ Scribed by Christer Carlsson, Robert Fuller

• Publisher: Springer
• Year: 2011
• Tongue: English
• Leaves: 257
• Category: Library

✦ Synopsis

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.

✦ Table of Contents

Title
Preface
Contents
Introduction
Concepts and Issues
Fuzzy Sets
The Extension Principle
Averaging Operators
Possibility Distributions
Probability Distributions
A Normative View on Possibility Distributions
Possibilistic Mean Value
Illustrations
Possibilistic Variance
Illustrations
Possibilistic Covariance
Illustrations
Possibilistic Correlation Coefficient
Illustrations
Non-interactive Fuzzy Numbers
Perfect Correlation
Joint Distribution: (1-x-y)
Joint Distribution: (y-x)
Ball-Shaped Joint Possibility Distribution
Mere Shadows
Zero Correlation and Non-interactivity
Possibilistic Correlation Ratio
Illustrations
A Linear Relationship
A Nonlinear Relationship
Joint Distribution: (1-x-y)
Ball-Shaped Joint Distribution
Joint Distribution: (1-x-y)
A Normative View on Quasi Fuzzy Numbers
Exponential Membership Function
Addition and Subtraction of Interactive Fuzzy Numbers
OWA Operators in Multiple Criteria Decisions
Obtaining OWA Operator Weights
Constrained OWA Aggregations
Recent Advances
OCA Functions for Group Settlement Modeling
Optimal Unconditional Settlement
Optimal Settlement under Budget Constraints
Optimal Settlement under Flexible Budget Constraints
Olympic OWA Operators for Modeling Group Decisions
Group Decisions under Fuzzy Budget Constraints
Fuzzy Real Options for Strategic Decisions
A Probabilistic Model
A Fuzzy Model
A Binomial Model
Closing Production Plants - When and Where
Production, Exports, Jobs and Investments
The Production Plant and Future Scenarios
Closing/Not Closing a Plant: A Case Study
A Binomial Analysis
A Fuzzy Interval Analysis
A Comparative Analysis
Discussion and Conclusions
A Fuzzy Pay-Off Method for Real Option Valuation
Optimal R&D Project Portfolios
Portfolio Selection with Imprecise Future Data
Possibilistic Choice of Portfolios with Highest Utility Score
Recent Advances
Risk Assessment in Grid Computing
Risk Assessment
Predictive Probabilities
The Predictive Nature of Bayesian Inference
Predictive Probabilities in Grid Computing Management
A Hybrid Approach to Computing a Measure of Success
Predictive Possibilities
Predictive Possibilities in Grid Computing Management
Knowledge Mobilization
Ontologies
Description Logics
The Knowledge Mobilization Project
Fuzzy Ontology for Process Industry
The Keyword Ontology
A Minimax Approach to Assess Keyword Dependencies
Demo Architecture and Implementation
An Approximate Reasoning Approach to Rank the Results of Fuzzy Queries
Mobile Value Services
Design Science and Mobile Service Design
Mobile Services and Mobile Value Services
Design and Implementation of Mobile Value Services
Designing Mobile Value Services
A Business Model
The New Interactive Media (NIM) ÅLand Project
Stakeholder and User Involvement
User Acceptance Studies
Method
Results
Discussion, Limitations and Conclusions
Will Mobile TV Be a Value Service for Consumers?
The Braudel Rule
A Brief Review: The Mobile TV Development and User Studies
Early Experience from Finland
The Use of Mobile TV in Finland - The Consumer Survey
Data Analysis and the Results
Discussion
Mobile Value Services: Conclusions and the Next Steps
References
Index