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Decision Making in Crisis Conditions using Trapezoidal Fuzzy Numbers

Ciprian Alecu ()

Ovidius University Annals, Economic Sciences Series, 2011, vol. XI, issue 2, 7 - 11

Abstract: In practice one cannot speak of a “standard” method used as a single recipe that may facilitate the reduction of uncertainty in decision making. The transition from the state of crisis to the state of opportunity becomes the ground on which technocratic, structural, cultural and political approaches make a difference in managing an organisation. To conduct such an assessment process, we propose the use of trapezoidal fuzzy numbers, because of the difficulty to quantify exactly or probabilistically both the economic indicators and the socio-economic, technological etc. influencing factors.

Keywords: management decisions trapezoidal fuzzy numbers; crisis conditions (search for similar items in EconPapers)
JEL-codes: M11 M21 (search for similar items in EconPapers)
Date: 2011
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