Title :
An application of fuzzy rule-based system: to the economic equilibrium considering the shift in demand curve
Author :
Tsai, Chao Chih ; Chen, Ke-Chih
Author_Institution :
Dept. of Math. Educ., Nat. Tainan Teachers Coll., Taiwan
Abstract :
The application of a fuzzy rule-based system is discussed. The example given is the equilibrium problem in economics. In this case, we have two curves, one between price and supply and the other between price and demand. The demand curve shifts due to the change in average income. We apply the fuzzy rule-based system to calculate the amount of shift in the demand curve. Finally, the equilibrium price can be found
Keywords :
economic cybernetics; financial data processing; fuzzy logic; knowledge based systems; average income changes; centre of gravity; economic equilibrium; economics; equilibrium price problem; fuzzy rule-based system; price-demand curve shift; price-supply curve; Chaos; Educational institutions; Fuzzy logic; Fuzzy systems; Gravity; Industrial engineering; Knowledge based systems; Mathematics; Supply and demand; Technology management;
Conference_Titel :
IFSA World Congress and 20th NAFIPS International Conference, 2001. Joint 9th
Conference_Location :
Vancouver, BC
Print_ISBN :
0-7803-7078-3
DOI :
10.1109/NAFIPS.2001.943634
