On the ratio of fuzzy numbers – exact membership function computation and applications to decision making
On the ratio of fuzzy numbers – exact membership function computation and applications to decision making
Author(s): Bogdana Stanojević, Ioan Dziţac, Simona DziţacSubject(s): Economy
Published by: Vilnius Gediminas Technical University
Keywords: full fuzzy program; triangular fuzzy number; fuzzy aggregation; linear fractional programming; error approximation; decision making; C61;
Summary/Abstract: In the present paper, we propose a new approach to solving the full fuzzy linear fractional programming problem. By this approach, we provide a tool for making good decisions in certain problems in which the goals may be modelled by linear fractional functions under linear constraints; and when only vague data are available. In order to evaluate the membership function of the fractional objective, we use the α-cut interval of a special class of fuzzy numbers, namely the fuzzy numbers obtained as sums of products of triangular fuzzy numbers with positive support. We derive the α-cut interval of the ratio of such fuzzy numbers, compute the exact membership function of the ratio, and introduce a way to evaluate the error that arises when the result is approximated by a triangular fuzzy number. We analyse the effect of this approximation on solving a full fuzzy linear fractional programming problem. We illustrate our approach by solving a special example – a decision-making problem in production planning.
Journal: Technological and Economic Development of Economy
- Issue Year: 21/2015
- Issue No: 5
- Page Range: 815-832
- Page Count: 18
- Language: English