Code: 01560360

Fuzzy Probabilities

Name: Fuzzy Probabilities
Brand: Springer, Berlin
SKU: 01560360
Price: 109.54 EUR
Availability: InStock
Author: James J. Buckley
ISBN: 9783540250333

by James J. Buckley

Language: English
Binding: Hardback
Number of pages: 168
Publisher: Springer, Berlin, 2005
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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.