Download or read book Fuzzy Logic in Financial Analysis written by Anna Maria Gil-Lafuente and published by Springer. This book was released on 2006-06-10 with total page 451 pages. Available in PDF, EPUB and Kindle. Book excerpt: In today’s increasingly complex and uncertain business environment, financial analysis is yet more critical to business managers who tackle problems of an economic or business nature. Knowledge based on formal logic and even experience becomes less sufficient. This volume systematically sets out the basic elements on which to base financial analysis for business in the new century. It incorporates a previous work that can serve as the basis and foundation for the new contributions that are now being made in the field of financial economy and intend to provide business with instruments and models suitable for dealing with the new economic context. In dealing with rapid and unpredictable changes in technological and business conditions, it postulates a growing reliance on the opinions of experts instead of past data or probabilistic forecasts, which is a radical change but may yield fruitful results. For this reason, much emphasis is devoted to the problem of aggregation of the opinion of experts in the financial field, with the object of limiting, wherever possible, the subjective component of the opinions and making sure that the decisions have the best guarantee of reaching the desired objectives.

Download or read book Fuzzy Logic for Business Finance and Management written by George Bojadziev and published by World Scientific. This book was released on 2007 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is truly an interdisciplinary book for knowledge workers in business, finance, management and socio-economic sciences based on fuzzy logic. It serves as a guide to and techniques for forecasting, decision making and evaluations in an environment involving uncertainty, vagueness, impression and subjectivity. Traditional modeling techniques, contrary to fuzzy logic, do not capture the nature of complex systems especially when humans are involved. Fuzzy logic uses human experience and judgement to facilitate plausible reasoning in order to reach a conclusion. Emphasis is on applications presented in the 27 case studies including Time Forecasting for Project Management, New Product Pricing, and Control of a Parasit-Pest System.

Download or read book Fuzzy Logic for Business Finance and Management written by George Bojadziev and published by World Scientific. This book was released on 2007 with total page 253 pages. Available in PDF, EPUB and Kindle. Book excerpt: This is truly an interdisciplinary book for knowledge workers in business, finance, management and socio-economic sciences based on fuzzy logic. It serves as a guide to and techniques for forecasting, decision making and evaluations in an environment involving uncertainty, vagueness, impression and subjectivity. Traditional modeling techniques, contrary to fuzzy logic, do not capture the nature of complex systems especially when humans are involved. Fuzzy logic uses human experience and judgement to facilitate plausible reasoning in order to reach a conclusion. Emphasis is on applications presented in the 27 case studies including Time Forecasting for Project Management, New Product Pricing, and Control of a Parasit-Pest System.

Download or read book The Implementation of Fuzzy Logic in Forecasting Financial Ratios written by Tomasz Korol and published by . This book was released on 2018 with total page 24 pages. Available in PDF, EPUB and Kindle. Book excerpt: This paper is devoted to the issue of forecasting financial ratios. The objective of the conducted research is to develop a predictive model with the use of an innovative methodology, i.e., fuzzy logic theory, and to evaluate its effectiveness. Fuzzy logic has been widely used in machinery, robotics and industrial engineering. This paper introduces the use of fuzzy logic for the financial analysis of enterprises. While many current phenomena in finance and economics are fuzzy, they are treated as if they are crisp. Fuzzy logic provides an appropriate tool for modeling imprecise, uncertain and ambiguous phenomena. Because the financial situation of a company is affected by many factors (economic, political, psychological, etc.) that cannot be precisely and unambiguously defined, the approach used in this paper greatly enhances the predictive power of financial analysis and makes it an economically useful tool for the management of enterprises. Empirically, this paper employs three testing samples: Central European enterprises, Latin American companies and global firms. From the verification of these models, it is evident that the refined processes are effective in improving the forecasting of financial situations of all three types of enterprises. The models created by the author are characterized by high efficiency. This study is one of the world's first attempts to combine ratio analysis with fuzzy logic to predict the financial situations of companies.

Download or read book Fuzzy Logic and NeuroFuzzy Applications in Business and Finance written by Constantin Von Altrock and published by Prentice Hall. This book was released on 1997 with total page 0 pages. Available in PDF, EPUB and Kindle. Book excerpt: In this hands-on, practical guide, you'll walk through powerful fuzzy logic business applications for business, including risk assessment, forecasting, supplier evaluation, customer targeting, and scheduling. You'll watch fuzzy logic at work analyzing credit risk, evaluating leases, making stock market decisions, and uncovering fraud.

Download or read book Trading on the Edge written by Guido J. Deboeck and published by John Wiley & Sons. This book was released on 1994-04-18 with total page 426 pages. Available in PDF, EPUB and Kindle. Book excerpt: Experts from the world's major financial institutions contributed to this work and have already used the newest technologies. Gives proven strategies for using neural networks, algorithms, fuzzy logic and nonlinear data analysis techniques to enhance profitability. The latest analytical breakthroughs, the impact on modern finance theory and practice, including the best ways for profitably applying them to any trading and portfolio management system, are all covered.

Download or read book Fuzzy Logic for Planning and Decision Making written by Freerk A. Lootsma and published by Springer Science & Business Media. This book was released on 2013-03-14 with total page 204 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book starts with the basic concepts of Fuzzy Logic: the membership function, the intersection and the union of fuzzy sets, fuzzy numbers, and the extension principle underlying the algorithmic operations. Several chapters are devoted to applications of Fuzzy Logic in Operations Research: PERT planning with uncertain activity durations, Multi-Criteria Decision Analysis (MCDA) with vague preferential statements, and Multi-Objective Optimization (MOO) with weighted degrees of satisfaction. New items are: Fuzzy PERT using activity durations with triangular membership functions, Fuzzy SMART with a sensitivity analysis based upon Fuzzy Logic, the Additive and the Multiplicative AHP with a similar feature, ELECTRE using the ideas of the AHP and SMART, and a comparative study of the ideal-point methods for MOO. Finally, earlier studies of colour perception illustrate the attempts to find a physiological basis for the set-theoretical and the algorithmic operations in Fuzzy Logic. The last chapter also discusses some key issues in linguistic categorization and the prospects of Fuzzy Logic as a multi-disciplinary research activity. Audience: Researchers and students working in applied mathematics, operations research, management science, business administration, econometrics, industrial engineering, information systems, artificial intelligence, mathematical psychology, and psycho-physics.

Download or read book Applications of Fuzzy Sets and the Theory of Evidence to Accounting written by Philip H. Siegel and published by JAI Press(NY). This book was released on 1995 with total page 326 pages. Available in PDF, EPUB and Kindle. Book excerpt: This monograph is designed to introduce methods of dealing with uncertainty so often present in problems of accounting. Traditionally, uncertainty in accounting was handled by statistical methods, but this book applies fuzzy logic, the theory of evidence and rough sets to the problem.

Download or read book Fuzzy Risk written by Bruce Pforr and published by . This book was released on 1995 with total page 106 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Applying Fuzzy Logic for the Digital Economy and Society written by Andreas Meier and published by Springer. This book was released on 2019-02-28 with total page 207 pages. Available in PDF, EPUB and Kindle. Book excerpt: This edited book presents the state-of-the-art of applying fuzzy logic to managerial decision-making processes in areas such as fuzzy-based portfolio management, recommender systems, performance assessment and risk analysis, among others. Presenting the latest research, with a strong focus on applications and case studies, it is a valuable resource for researchers, practitioners, project leaders and managers wanting to apply or improve their fuzzy-based skills.

Download or read book Fuzzy Engineering Economics with Applications written by Cengiz Kahraman and published by Springer. This book was released on 2008-09-20 with total page 389 pages. Available in PDF, EPUB and Kindle. Book excerpt: Fuzzy set approaches are suitable to use when the modeling of human knowledge is necessary and when human evaluations are needed. Fuzzy set theory is recognized as an important problem modeling and solution technique. It has been studied ext- sively over the past 40 years. Most of the early interest in fuzzy set theory pertained to representing uncertainty in human cognitive processes. Fuzzy set theory is now - plied to problems in engineering, business, medical and related health sciences, and the natural sciences. This book handles the fuzzy cases of classical engineering e- nomics topics. It contains 15 original research and application chapters including different topics of fuzzy engineering economics. When no probabilities are available for states of nature, decisions are given under uncertainty. Fuzzy sets are a good tool for the operation research analyst facing unc- tainty and subjectivity. The main purpose of the first chapter is to present the role and importance of fuzzy sets in the economic decision making problem with the literature review of the most recent advances.

Download or read book 11th International Conference on Theory and Application of Soft Computing Computing with Words and Perceptions and Artificial Intelligence ICSCCW 2021 written by Rafik A. Aliev and published by Springer Nature. This book was released on 2022-01-04 with total page 803 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book presents the proceedings of the 11th Conference on Theory and Applications of Soft Computing, Computing with Words and Perceptions and Artificial Intelligence, ICSCCW-2021, held in Antalya, Turkey, on August 23–24, 2021. The general scope of the book covers uncertain computation, decision making under imperfect information, neuro-fuzzy approaches, natural language processing, and other areas. The topics of the papers include theory and application of soft computing, computing with words, image processing with soft computing, intelligent control, machine learning, fuzzy logic in data mining, soft computing in business, economics, engineering, material sciences, biomedical engineering, and health care. This book is a useful guide for academics, practitioners, and graduates in fields of soft computing and computing with words. It allows for increasing of interest in development and applying of these paradigms in various real-life fields.

Download or read book Design and Evaluation of a Prototype Fuzzy logic based Knowledge System for Financial Ratio Analysis written by Fred Junior Ganoe and published by . This book was released on 1986 with total page 434 pages. Available in PDF, EPUB and Kindle. Book excerpt:

Download or read book Fuzzy Sets in Management Economics and Marketing written by Panos M. Pardalos and published by World Scientific. This book was released on 2001 with total page 292 pages. Available in PDF, EPUB and Kindle. Book excerpt: The rapid changes that have taken place globally on the economic, social and business fronts characterized the 20th century. The magnitude of these changes has formed an extremely complex and unpredictable decision-making framework, which is difficult to model through traditional approaches. The main purpose of this book is to present the most recent advances in the development of innovative techniques for managing the uncertainty that prevails in the global economic and management environments. These techniques originate mainly from fuzzy sets theory. However, the book also explores the integration of fuzzy sets with other decision support and modeling disciplines, such as multicriteria decision aid, neural networks, genetic algorithms, machine learning, chaos theory, etc. The presentation of the advances in these fields and their real world applications adds a new perspective to the broad fields of management science and economics. Contents: Decision Making, Management and Marketing: Algorithms for Orderly Structuring of Financial OC ObjectsOCO (J Gil-Aluja); A Fuzzy Goal Programming Model for Evaluating a Hospital Service Performance (M Arenas et al.); A Group Decision Making Method Using Fuzzy Triangular Numbers (J L Garc a-Lapresta et al.); Developing Sorting Models Using Preference Disaggregation Analysis: An Experimental Investigation (M Doumpos & C Zopounidis); Stock Markets and Portfolio Management: The Causality Between Interest Rate, Exchange Rate and Stock Price in Emerging Markets: The Case of the Jakarta Stock Exchange (J Gupta et al.); Fuzzy Cognitive Maps in Stock Market (D Koulouriotis et al.); Neural Network vs Linear Models of Stock Returns: An Application to the UK and German Stock Market Indices (A Kanas); Corporate Finance and Banking Management: Expertons and Behaviour of Companies with Regard to the Adequacy Between Business Decisions and Objectives (A Couturier & B Fioleau); Multiple Fuzzy IRR in the Financial Decision Environment (S F Gonzilez et al.); An Automated Knowledge Generation Approach for Managing Credit Scoring Problems (M Michalopoulos et al.); and other papers. Readership: Financial managers, economists, management scientists and computer scientists."

Download or read book Soft Computing in Humanities and Social Sciences written by Rudolf Seising and published by Springer Science & Business Media. This book was released on 2011-11-05 with total page 516 pages. Available in PDF, EPUB and Kindle. Book excerpt: The field of Soft Computing in Humanities and Social Sciences is at a turning point. The strong distinction between “science” and “humanities” has been criticized from many fronts and, at the same time, an increasing cooperation between the so-called “hard sciences” and “soft sciences” is taking place in a wide range of scientific projects dealing with very complex and interdisciplinary topics. In the last fifteen years the area of Soft Computing has also experienced a gradual rapprochement to disciplines in the Humanities and Social Sciences, and also in the field of Medicine, Biology and even the Arts, a phenomenon that did not occur much in the previous years. The collection of this book presents a generous sampling of the new and burgeoning field of Soft Computing in Humanities and Social Sciences, bringing together a wide array of authors and subject matters from different disciplines. Some of the contributors of the book belong to the scientific and technical areas of Soft Computing while others come from various fields in the humanities and social sciences such as Philosophy, History, Sociology or Economics. Rudolf Seising received a Ph.D. degree in philosophy of science and a postdoctoral lecture qualification (PD) in history of science from the Ludwig Maximilians University of Munich. He is an Adjoint Researcher at the European Centre for Soft Computing in Mieres (Asturias), Spain. Veronica Sanz earned a Ph.D. in Philosophy at the University Complutense of Madrid (Spain). At the moment she is a Postdoctoral Researcher at the Science, Technology and Society Center in the University of California at Berkeley. Veronica Sanz earned a Ph.D. in Philosophy at the University Complutense of Madrid (Spain). At the moment she is a Postdoctoral Researcher at the Science, Technology and Society Center in the University of California at Berkeley.

Download or read book Business Resilience System BRS Driven Through Boolean Fuzzy Logics and Cloud Computation written by Bahman Zohuri and published by Springer. This book was released on 2017-02-28 with total page 436 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book provides a technical approach to a Business Resilience System with its Risk Atom and Processing Data Point based on fuzzy logic and cloud computation in real time. Its purpose and objectives define a clear set of expectations for Organizations and Enterprises so their network system and supply chain are totally resilient and protected against cyber-attacks, manmade threats, and natural disasters. These enterprises include financial, organizational, homeland security, and supply chain operations with multi-point manufacturing across the world. Market shares and marketing advantages are expected to result from the implementation of the system. The collected information and defined objectives form the basis to monitor and analyze the data through cloud computation, and will guarantee the success of their survivability's against any unexpected threats. This book will be useful for advanced undergraduate and graduate students in the field of computer engineering, engineers that work for manufacturing companies, business analysts in retail and e-Commerce, and those working in the defense industry, Information Security, and Information Technology.

Download or read book Soft Computing in Economics and Finance written by Ludmila Dymowa and published by Springer Science & Business Media. This book was released on 2011-01-21 with total page 303 pages. Available in PDF, EPUB and Kindle. Book excerpt: Currently the methods of Soft Computing are successfully used for risk analysis in: budgeting, e-commerce development, portfolio selection, Black-Scholes option pricing models, corporate acquisition systems, evaluating investments in advanced manufacturing technology, interactive fuzzy interval reasoning for smart web shopping, fuzzy scheduling and logistic. An essential feature of economic and financial problems it that there are always at least two criteria to be taken into account: profit maximization and risk minimization. Therefore, the economic and financial problems are multiple criteria ones. In this book, a new systematization of the problems of multiple criteria decision making is proposed which allows the author to reveal unsolved problems. The solutions of them are presented as well and implemented to deal with some important real-world problems such as investment project’s evaluation, tool steel material selection problem, stock screening and fuzzy logistic. It is well known that the best results in real -world applications can be obtained using the synthesis of modern methods of soft computing. Therefore, the developed by the author new approach to building effective stock trading systems, based on the synthesis of fuzzy logic and the Dempster-Shafer theory, seems to be a considerable contribution to the application of soft computing method in economics and finance. An important problem of capital budgeting is the fuzzy evaluation of the Internal Rate of Return. In this book, this problem is solved using a new method which makes it possible to solve linear and nonlinear interval and fuzzy equations and systems of them. The developed new method allows the author to obtain an effective solution of the Leontjev’s input-output problem in the interval setting.