Title :
Towards a descriptive theory of transaction cost economics: a fuzzy set approach
Author :
Karim, Khondkar ; Siegel, Philip ; Deshmukh, Ashutosh
Author_Institution :
Dept. of Accounting, Monmouth Univ., NJ, USA
Abstract :
This paper provides a model for investigating the problem of ambiguity associated with decision-making. The model is based on fuzzy set theory which allows for various states of probabilities and set benefits. It also reduces the need for precise measures which are often difficult if not impossible to obtain
Keywords :
accounting; costing; decision theory; fuzzy set theory; probability; ambiguity; decision-making; descriptive theory; fuzzy set approach; probabilities; set benefits; transaction cost economics; Assembly; Cost function; Decision making; Educational institutions; Fuzzy set theory; Fuzzy sets; Manufacturing; Procurement; Production; Raw materials;
Conference_Titel :
Systems, Man, and Cybernetics, 1997. Computational Cybernetics and Simulation., 1997 IEEE International Conference on
Conference_Location :
Orlando, FL
Print_ISBN :
0-7803-4053-1
DOI :
10.1109/ICSMC.1997.635190
