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Fuzzy Optimization pp 3–32Cite as

Fuzziness, Rationality, Optimality and Equilibrium in Decision and Economic Theories

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Part of the book series: Studies in Fuzziness and Soft Computing ((STUDFUZZ,volume 254))

Abstract

This essay presents structural categories of theories of optimization. It begins with the classical system leading to the establishment of an entry point of fuzzy optimization from the logic of the classical optimization. Four categories of optimization problems are identified. They are exact (non-fuzzy) and nonstochastic, exact (non-fuzzy) and stochastic categories that are associated with classical laws of thought and mathematics. The other categories are fuzzy and non-stochastic, and fuzzy-stochastic problems that are associated with fuzzy laws of thought and fuzzy mathematics. The canonical structures of the problems and their solutions are presented.

From these structures, similarities and differences in the problem structures and corresponding solutions are abstracted and discussed. The similarities and differences in the problem-solution structures of different categories are attributed to properties of exactness and completeness about information-knowledge structures in which the optimization problems are formulated and solved. The assumed degrees of exactness and completeness establish defective informationknowledge structure that generates uncertainties and produces inter-category differences in the optimization problem. The specific differences of intra-category algorithms are attributed to differences in the assumed functional relationships of the variables that establish the objective and constraint sets. The essay is concluded with taxonomy of solution structures and discussions on future research directions.

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  1. Department of Eeconomics, Howard Univeristy, Washington, D.C., 20059, USA

    Kofi Kissi Dompere

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  1. Department of Mathemaitical and Statistical Sciences, University of Colorado Denver, PO Box 173364, 80217-3364, Colorado, Denver, USA

    Weldon A. Lodwick

  2. Systems Research Institute Polish Academy of Sciences, ul. Newelska 6, 01-447, Warsaw, Poland

    Janusz Kacprzyk

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Dompere, K.K. (2010). Fuzziness, Rationality, Optimality and Equilibrium in Decision and Economic Theories. In: Lodwick, W.A., Kacprzyk, J. (eds) Fuzzy Optimization. Studies in Fuzziness and Soft Computing, vol 254. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-13935-2_1

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