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If we know the exact consequences of each action, then we can select an action with the largest value of the objective function. In practice, we often only know these values with interval uncertainty. If two intervals intersect, then some people may prefer the alternative corresponding to the first interval, and some prefer the alternative corresponding to the second interval. How can we describe...
In practice, it is often necessary to make a decision under uncertainty. In the case of interval uncertainty, for each alternative i, instead of the exact value vi of the objective function, we only have an interval vi = [vi-,vi-.] of possible values. In this case, it is reasonable to assume that each value vi is uniformly distributed on the corresponding interval [vi-,vi-.], and to take the probability...
In this paper, we aim at bringing fuzzy targets within the reach of the target-based decision model in decision analysis with uncertainty. After introduced the target-based interpretation of the expected value on which it is implicitly assumed a neutral behavior on attitude about target, we extend the target-based model for decision making under uncertainty using fuzzy targets, making use of Yager's...
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