| Article ID: | iaor19971535 |
| Country: | United Kingdom |
| Volume: | 32 |
| Issue: | 10 |
| Start Page Number: | 17 |
| End Page Number: | 28 |
| Publication Date: | Nov 1996 |
| Journal: | Computers & Mathematics with Applications |
| Authors: | Yoshida Y. |
| Keywords: | fuzzy sets |
This paper deals with an optimal stopping problem in dynamic fuzzy systems with fuzzy rewards, and shows that the optimal discounted fuzzy reward is characterized by a unique solution of a fuzzy relational equation. The paper defines a fuzzy expectation with a density given by fuzzy goals and it estimates discounted fuzzy rewards by the fuzzy expectation. This paper characterizes the optimal fuzzy expected value and gives an optimal stopping time.