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Optimal revenue for fuzzy price based on interval-valued fuzzy numbers | IEEE Conference Publication | IEEE Xplore

Optimal revenue for fuzzy price based on interval-valued fuzzy numbers


Abstract:

In this article, we study a fuzzy optimization problem in business and economics. In this problem, a fuzzy price is determined using a linear one degree demand function. ...Show More

Abstract:

In this article, we study a fuzzy optimization problem in business and economics. In this problem, a fuzzy price is determined using a linear one degree demand function. The objective is to find the optimal fuzzy revenue, which is derived from the fuzzy price. We use level (lambda, 1) interval-valued fuzzy numbers to consider fuzzy price and fuzzy revenue. Using signed distance to defuzzify, we can get the demand function and revenue function in fuzzy sense. What follows is that we can find the maximum revenue in fuzzy sense.
Date of Conference: 20-24 August 2009
Date Added to IEEE Xplore: 02 October 2009
ISBN Information:
Print ISSN: 1098-7584
Conference Location: Jeju, Korea (South)

References

References is not available for this document.