Article ID: | iaor20031546 |
Country: | China |
Volume: | 29 |
Issue: | 10 |
Start Page Number: | 37 |
End Page Number: | 40 |
Publication Date: | Oct 2001 |
Journal: | Journal of Huazhong University of Science and Technology |
Authors: | Song Yexin, Wu Xiaoping, Chen Mianyun, Zheng Zhisong |
Keywords: | fuzzy sets |
This paper investigates a type of uncertain decision-making problem with fuzzy probability and fuzzy payoff assessment. The consistency of the probability assessment is considered. A method for obtaining the expected fuzzy payoff of a strategy in the face of fuzzy information is proposed. The optimal strategy is determined by comparing the expected fuzzy payoffs. Finally, a numerical example is given to illustrate the proposed method. The results show the approach is simple, reasonable and easy to implement.