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Uncertainty and Fuzzy Decisions

Chapter
Part of the Understanding Complex Systems book series (UCS)

Abstract

Uncertainty is the main reason that makes human free to choose. Many actions, strategies are designed to handle or reduce the uncertainty to make decision makers life easier. But there is no common accepted theory in the academia. Researchers still struggling to create a common understanding. There are theories that we may follow to make decisions under uncertainty. Among them, probability theory, fuzzy theory and evidence theory can be given. Decision problem is constructed in with the help of these theories. Fuzzy Logic and Fuzzy theory may be considered as the recent advancement and has been applied in many fields for different type of decision problems.

Keywords

Uncertainty Taxonomy Chaos and complexity Fuzzy sets and logic Computing with words Meta-Linguistic expressions 

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Copyright information

© Springer Science+Business Media Dordrecht 2014

Authors and Affiliations

  1. 1.Department of EconomicsHacettepe UniversityBeytepe, AnkaraTurkey
  2. 2.Knowledge/Intelligence System Lab, Department of Mechanical and Industrial EngineeringUniversity of TorontoTorontoCanada
  3. 3.Department of Industrial EngineeringTOBB-Economics and Technology UniversityAnkaraTurkey
  4. 4.Department of Mechanical and Industrial EngineeringUniversity of TorontoTorontoCanada

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