Modelling and optimizing multiple attribute decisions by using fuzzy sets

Gh. Gh. Ionescu and Adina Negrusa
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Gh. Gh. Ionescu: Faculty of Economics, West University of Timisoara
Adina Negrusa: Faculty of Business, Babes-Bolyai University of Cluj-Napoca

Management & Marketing, 2009, vol. 4, issue 1

Abstract: The purpose of this paper is to present a coherent perspective of modeling and optimizing multiple attribute decisions by using fuzzy sets. In management practice we face most of the time the situation in which a problem have several possible solutions and each solution can be analyzed using multiple criteria models. In the same time, in real life decision making process there is a given level of uncertainty which makes difficult a clear cut analytical analysis. The object of this article is to build a model approach for making multiple criteria decision using fuzzy sets of objects. Elaborating multiple attribute decisions involves performing an assessment and selecting from a given and finite set of possible alternative courses of action in the presence of a given and finite, and usually conflicting set of attributes and criteria.

Keywords: decision making; fuzzy sets; modeling; multiple criteria optimization. (search for similar items in EconPapers)
Date: 2009
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Persistent link: https://EconPapers.repec.org/RePEc:eph:journl:v:4:y:2009:i:1:n:7

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