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Fuzzy Risk Calculation

• Chongfu Huang
• Yong Shi
Part of the Studies in Fuzziness and Soft Computing book series (STUDFUZZ, volume 99)

Abstract

For showing the imprecision of risk assessment in terms of probabilities, in this chapter we introduce the possibility-probability distribution (PPD). We focus on calculation and application of a PPD. Section 12.1 gives the definition of a PPD. Section 12.2 develops the method of information distribution forming an algorithm to calculate a PPD. Section 12.3 introduces the fuzzy expected value of a PPD to rank alternatives. Section 12.4 gives a real example in flood management to show the benefit of the ranking based on a PPD. We summarize this chapter in section 12.5.

Keywords

Flood Risk Flood Disaster Fuzzy Relation Fuzzy Random Variable Fuzzy Probability
These keywords were added by machine and not by the authors. This process is experimental and the keywords may be updated as the learning algorithm improves.

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Copyright information

© Springer-Verlag Berlin Heidelberg 2002

Authors and Affiliations

• Chongfu Huang
• 1
• Yong Shi
• 2
1. 1.Institute of Resources ScienceBeijing Normal UniversityBeijingChina
2. 2.College of Information Science and TechnologyUniversity of Nebraska at OmahaOmahaUSA