Markov-type fuzzy decision processes with a discounted reward on a closed interval

Article Abstract:

A multi-stage decision process, Markov-type fuzzy decision process, is developed using Markov-type fuzzy transitions. Under fuzzy max order, the optimization of the discounted total reward on the class of convex fuzzy numbers is weighed. The discounted total fuzzy reward arising from fuzzy policy that meet lawful requirements is derived as a final step of the analogous fuzzy relational equations. This generalization is made on a class of function applied in Markov decision processes with the alpha-cut of the fuzzy set used as the basis, and using Banach's fixed point theorem.

Research, Decision-making, Decision making, Set theory, Markov processes, Fuzzy sets

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The valuation of options on capacity with cost and demand uncertainty

Article Abstract:

A model is developed to value options on production capacity, conditioned by cost and demand uncertainty.

United States, Regulation, Licensing, and Inspection of Miscellaneous Commercial Sectors, Asset Valuation & Distribution, Models, Options (Finance), Asset valuation

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The valuation of European options in uncertain environment

Article Abstract:

A unique model for valuating European options in uncertain market environments is presented.

Europe, Evaluation, Economic aspects, Stock options, Stock markets, Stock market

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