![]() ![]() By contrast, fuzzy set theory permits the gradual assessment of the membership of elements in relation to a set this is described with the aid of a membership function valued in the real unit interval. In classical set theory, the membership of elements in relation to a set is assessed in binary terms according to a crisp condition – an element either belongs or does not belong to the set. Fuzzy sets are an extension of classical set theory and are used in fuzzy logic. ![]() What Zadeh proposed is very much a paradigm shift that first gained acceptance in the Far East, and its successful application has ensured its adoption around the world. Scientific Research iBusiness 3 (1): 43–48.Īppendix Supplementary Explanation for Fuzzy Set The Definition of Fuzzy Setįuzzy sets have been introduced byZadeh ( 1965). Journal of Mathematical Analysis and Applications 23 (3): 421–427. International Journal of Information Technology and Decision Making 9 (2): 695–713. A Fuzzy Real option valuation approach to capital budgeting under uncertainty environment. An Application of Fuzzy Set theory to the weighted average cost of capital structure decision. Real options in capital investment: models, strategies and applications. Fuzzy linear programming problems with fuzzy numbers. Journal of Housing Studies 28 (1): 51–81. A study on alternative methods of real estate valuation: Fuzzy Real option model. Conceptual problems in the use of risk-adjusted discount rates. International Journal of Information Technology and Decision Making 8 (3): 515–527. Fuzzy group decision making model based on credibility theory and gray relative degree. International Journal of Information Technology and Decision Making 7 (4): 639–682. A descriptive framework for the field of data mining and knowledge discovery. Capital budgeting and the capital-asset pricing model: Good news and bad news. Schering Plough case study (The 3rd Annual International Conference on Real Options, Wassenaar/Leiden). Timing to invest and value of managerial flexibility. Fuzzy Real Option evaluation of real estate project based on risk analysis. Review of Quantitative Finance and Accounting 25 (3): 255–275. A Fuzzy Set approach to generalize CRR model: An empirical analysis of S&P 500 index option. Expert Systems with Applications 29 (2): 330–342. A new application of Fuzzy set theory to the Black-Scholes option pricing model. General formulation of corporate real options. The value of flexibility: the case of a dual-fuel industrial steam boiler. International Journal of Information Technology and Decision Making 8 (3): 473–489. Mining simplified fuzzy if-then rules for pattern classification. International Journal of Information Technology and Decision Making 8 (3): 427–443. Two-phase interactive satisfying method of fuzzy multiple objective optimization with linguistic preference. A Fuzzy Real option approach for investment project valuation. Princeton: Princeton University Press.ĭubois, D., and H. Brownfield redevelopment evaluation based on Fuzzy Real option. Anderson Consulting Outlook Journal 2: 33–40.ĭai, H., T. Norton and Company.ĭahlberg, K., and R.S. Real options: a practitioner’s guide, 179–190. Fuzzy Sets and Systems 139: 297–312.Ĭopeland, T., and V. A fuzzy approach to real option valuation. Fuzzy reasoning in decision making and optimization. International Journal of Information Technology and Decision Making 8 (1): 109–131.Ĭarlsson, C., and R. ![]() A consensus model for group decision making problems with unbalanced fuzzy linguistic information. Academy of Management Review 18: 760–842.Ĭabrer, F.J., S. Strategy through the option lens: an integrated view of resource investments and incremental-choice process. Boston: Harvard Business School Press.īellman, R.E., and L.A. Real options managing strategic investments in an uncertain world. ![]()
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