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Fuzzy Probabilities

Author James J. Buckley
Publisher Physica-Verlag HD
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Book Details
ISBN / ASIN379081542X
ISBN-139783790815429
Sales Rank7,719,650
MarketplaceUnited States 🇺🇸

Description

In probability and statistics we often have to estimate probabilities and parameters in probability distributions using a random sample. Instead of using a point estimate calculated from the data we propose using fuzzy numbers which are constructed from a set of confidence intervals. In probability calculations we apply constrained fuzzy arithmetic because probabilities must add to one. Fuzzy random variables have fuzzy distributions. A fuzzy normal random variable has the normal distribution with fuzzy number mean and variance. Applications are to queuing theory, Markov chains, inventory control, decision theory and reliability theory.