By Kofi Kissi Dompere
This monograph is dedicated to the id and size idea of prices and merits in a fuzzy info atmosphere. the method of cost-benefit research is gifted, requiring the improvement of genuine cost-benefit databases and the development of cost-benefit criterion. those steps are complete with a variety of theoretical constructs that supply units of self-contained algorithms for software. This booklet integrates cost-benefit research, idea of fuzzy judgements and social judgements into unified selection algorithms available to practitioners, researchers, and graduate scholars. It good points the necessities of fuzzy arithmetic and algorithms in a complete means, exposing a multi-disciplinary strategy for the improvement of cost-benefit determination making within the framework of fuzziness and tender computing.
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Additional info for Cost-Benefit Analysis and the Theory of Fuzzy Decisions: Identification and Measurement Theory
What is the chance that it will rain heavily tomorrow? No probabilistic statement can answer this question without a restriction on the linguistic variable "heavy". Such a restriction cannot be derived from our current knowledge of probabilistic logic. It is precisely the inability of our current knowledge of the classical logic and its corresponding mathematical structures to provide answers and solutions to certain new questions of our current scientific age and 30 1 Decision, Cost and Benefit problems at the frontier of scientific and technological investigations that fuzzy logic and the corresponding mathematical structures were born.
Should we consider streams of benefits and costs? This is the intertemporal benefit and cost identification problem. It is also the forecasting problem of costs and benefits of the project if the lifetime is more than a year. The solution to this problem provides us with intertemporal dataset on costs and benefits in common units. 6. Should equal weights be assigned to benefits and costs at each time point if the benefit and cost are in streams? This is the problem of discounting. It is also the problem of intertemporal aggregation of dated values.
R" ....... _.................... - .. ~ X2 : ~ T·····~··· ~. a MATRICES : •. ... : ... :......! : .. ch:Rfsiii:;s .. 3 ............... _ ••••••••••• : " ...... " .... 8 The Logical Process of Identification Matrices and Decision Given the characteristic matrices of costs and benefits, distributional weights are constructed through cross-group relational matrices. 3 Reflections on Contingent Valuation Method (CVM)... 49 Both matrices provide us with cost and benefit data that must be valued and aggregated for each program alternative into cost aggregate and benefit aggregate.
Cost-Benefit Analysis and the Theory of Fuzzy Decisions: Identification and Measurement Theory by Kofi Kissi Dompere