Article ID: | iaor20003220 |
Country: | Netherlands |
Volume: | 117 |
Issue: | 3 |
Start Page Number: | 606 |
End Page Number: | 617 |
Publication Date: | Sep 1999 |
Journal: | European Journal of Operational Research |
Authors: | Popova Elmira, Wu Hsien-Chung |
Keywords: | fuzzy sets, programming: nonlinear |
The application of fuzzy set theory to renewal reward processes is proposed in this paper. The reward is modeled as a fuzzy random variable. A theorem which presents the long-run average fuzzy reward per unit time is stated. A procedure to obtain the best