DocumentCode
1624278
Title
Optimal revenue for fuzzy price based on interval-valued fuzzy numbers
Author
Shih, Teng-San ; Su, Jin-Shieh ; Lee, Huey-Ming
Author_Institution
Dept. of Appl. Math., Chinese Culture Univ., Taipei, Taiwan
fYear
2009
Firstpage
1445
Lastpage
1450
Abstract
In this article, we study a fuzzy optimization problem in business and economics. In this problem, a fuzzy price is determined using a linear one degree demand function. The objective is to find the optimal fuzzy revenue, which is derived from the fuzzy price. We use level (lambda, 1) interval-valued fuzzy numbers to consider fuzzy price and fuzzy revenue. Using signed distance to defuzzify, we can get the demand function and revenue function in fuzzy sense. What follows is that we can find the maximum revenue in fuzzy sense.
Keywords
commerce; economics; fuzzy set theory; optimisation; pricing; business; economics; fuzzy optimization problem; fuzzy price; interval-valued fuzzy number; linear one degree demand function; optimal fuzzy revenue; Fuzzy sets; Genetic algorithms; Monopoly; Polynomials;
fLanguage
English
Publisher
ieee
Conference_Titel
Fuzzy Systems, 2009. FUZZ-IEEE 2009. IEEE International Conference on
Conference_Location
Jeju Island
ISSN
1098-7584
Print_ISBN
978-1-4244-3596-8
Electronic_ISBN
1098-7584
Type
conf
DOI
10.1109/FUZZY.2009.5277155
Filename
5277155
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