By Kofi Kissi Dompere
This monograph is dedicated to the id and dimension idea of prices and merits in a fuzzy info surroundings. the method of cost-benefit research is gifted, requiring the advance of actual cost-benefit databases and the development of cost-benefit criterion. those steps are finished with a number of theoretical constructs that offer units of self-contained algorithms for program. This publication integrates cost-benefit research, concept of fuzzy judgements and social judgements into unified determination algorithms obtainable to practitioners, researchers, and graduate scholars. It gains the necessities of fuzzy arithmetic and algorithms in a entire approach, exposing a multi-disciplinary process for the improvement of cost-benefit determination making within the framework of fuzziness and gentle computing.
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Additional info for Cost-Benefit Analysis and the Theory of Fuzzy Decisions: Identification and Measurement Theory
The nature of the costs and benefits must be appropriately interpreted. In fact all available measures for humanistic and non-humanistic systems have cost and benefit implications that must be carefully interpreted. 3 Some Non-Classical Operations Research for DecisionMaking There are many facets of non-classical operations research analysis. The decision tools that come under this are those that may be brought to help the analysis of problems of choice that do not easily lend themselves to the classical tools of optimal decisions.
In other words every decision alternative (composed of socioeconomic regulations, controls, projects, and law) if selected must improve the overall social benefit or welfare of the decision system. In the problem that we are setting up for allocation, production, and distribution the alternatives are defined in terms of input combinations that may be allocated for optimal production and output combinations to be distributed for consumption such that social welfare is optimized. The choice problem given the institutional arrangements of law, politics and economics may be set up in a manner that brings to focus the implied costs and benefits of various decision alternatives.
The dated benefit and cost aggregates may also be forecasted on the basis of initial imputations and other available information. From the cost and benefit aggregate data a criterion is constructed for decision making on the program alternatives. The monetary aggregates require value imputations of quantitatively measurable heterogeneous real characteristics. Such value imputations and the methods of their realization have been the center of rational debate in economic theory of decision. We shall tum our attention to reflect on the essential characters of the existing methods and how they relate to the method of fuzzy logic and decision.
Cost-Benefit Analysis and the Theory of Fuzzy Decisions: Identification and Measurement Theory by Kofi Kissi Dompere