The Infona portal uses cookies, i.e. strings of text saved by a browser on the user's device. The portal can access those files and use them to remember the user's data, such as their chosen settings (screen view, interface language, etc.), or their login data. By using the Infona portal the user accepts automatic saving and using this information for portal operation purposes. More information on the subject can be found in the Privacy Policy and Terms of Service. By closing this window the user confirms that they have read the information on cookie usage, and they accept the privacy policy and the way cookies are used by the portal. You can change the cookie settings in your browser.
Real options are a typical framework in economics that involves uncertainty. The definition of the value function of real options can take advantage of a model of uncertainty that includes stochastic processes and fuzzy numbers; to perform the complete analysis with American type real options, we need to compute the fuzzy extension of the value function for A special version of the multiple population...
In this paper we show that the models for parametric representation of fuzzy numbers in the level-cuts setting can be used to model LR fuzzy numbers and LR fuzzy arithmetic. This extends the family of LR fuzzy numbers to a sequence of finite-dimensional subspaces, approximating the space of fuzzy numbers with increasing goodness. The basic arithmetic with parametric LR fuzzy numbers is illustrated...
The growing interest, during the last years, in the managing of risk in financial markets has involved primarily the pricing models for derivatives. However some of these models seemed to be soon unsatisfactory due to the incapability to capture the relevant stylized facts of real markets. Many attempts of fuzzy models have been recently proposed in the literature, but they either have the disadvantage...
The paper is organized as follows: section 2 contains a brief description of the fuzzy calculus with the LU-fuzzy model and in section 3 we describe the detailed algorithms which implement the LU-fuzzy extension principle. Section 4 contains the description of the LU-fuzzy calculator and its illustration to the application in the Black and Scholes fuzzy option pricing.
Set the date range to filter the displayed results. You can set a starting date, ending date or both. You can enter the dates manually or choose them from the calendar.