Code: 09163392

Fuzzy Probabilities

Name: Fuzzy Probabilities
Brand: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG
SKU: 09163392
Price: 102.97 EUR
Availability: InStock
Author: James J Buckley
ISBN: 9783642421334

by James J Buckley

Language: English
Binding: Paperback
Number of pages: 168
Publisher: Springer-Verlag Berlin and Heidelberg GmbH & Co. KG, 2014
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Book synopsis

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.