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Using Fuzzy Models in Managerial Decision

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The Changing Business Landscape of Romania

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Abstract

Decision-making plays an important part in management and business. There are numerous systematic methods and models which provide assistance in the decision-making process. Classical fuzzy sets (the concept of Fuzzy Set was introduced by Zadeh in 1965) and intuitionistic fuzzy sets (a concept introduced by Atanasov in 1986) represent powerful tools in modeling complex phenomena which exhibit shades of difference and involve imprecise information. The paper presents two algorithms for the consultation process using the Delphi Method and several algorithms for multi-attribute decision models, modified for attributes values given under the form of FS and/or IFS. The devised algorithms are analyzed comparatively using numeric examples.

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Author information

Authors and Affiliations

  1. Faculty of Economic Science and Business Administration, Transilvania University of Braşov, Colina Universităţii no. 1, RO-500068, Braşov, Romania

    Dorin Lixăndroiu & Radu Lixăndroiu

Authors
  1. Dorin Lixăndroiu
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  2. Radu Lixăndroiu
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Corresponding author

Correspondence to Dorin Lixăndroiu .

Editor information

Editors and Affiliations

  1. University of Akron, CBA 321, Akron, 44325, Ohio, USA

    Andrew R. Thomas

  2. Academy of Economic Studies, 2-2A, Calea Grivitei, Bucharest, Sector 1, Romania

    Nicolae Al. Pop

  3. Academy of Economic Studies, 2-2A, Calea Grivitei, Bucharest, Sector 1, Romania

    Constantin Bratianu

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Lixăndroiu, D., Lixăndroiu, R. (2013). Using Fuzzy Models in Managerial Decision. In: Thomas, A., Pop, N., Bratianu, C. (eds) The Changing Business Landscape of Romania. Springer, New York, NY. https://doi.org/10.1007/978-1-4614-6865-3_15

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