Fuzzy Logic Supported by Information and Communication Technology in Managerial Decision-Making
Fuzzy Logic Supported by Information and Communication Technology in Managerial Decision-Making

Author(s): Petr Wolf
Subject(s): Economy, Business Economy / Management, Accounting - Business Administration
Published by: ASERS Publishing
Keywords: fuzzy set; fuzzy logic; linguistic expression; management; strategic decision-making, SQL
Summary/Abstract: Decision-making process at the top and partly also middle management level is based on the manager‘s individual feeling in some situations. This way of accepting mostly strategic decisions results chiefly from the experience the management acquired while solving similar type of the problems. The rational side of the process of accepting the decision expressed in the form of a general, precisely computational procedure, is usually suppressed. The way of accepting the decisions that are difficult to justify is usually connected with so called non-structured problems.In the description of unstructured tasks there are often variables in the form of linguistic expressions. These expressions work with inexplicit, vague concepts, they are the product of human comprehension and people use them to express reality in a natural way. The fuzzy sets theory deals with the methodology of mathematic of linguistic expressions, i.e. transferring them into so called fuzzy sets, and the way how to carry out the mathematical operations.

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