This is an interdisciplinary book for knowledge workers in business, finance, management, and socio-economic sciences. It provides a guide to and techniques for forecasting, decision making, conclusions, and evaluations in an environment involving uncertainty, vagueness, and impression. Traditional modeling techniques do not capture the nature of complex systems especially when humans are involved.
Fuzzy logic provides effective tools for dealing with such systems.
Emphasis is on applications presented in case studies including Time Forecasting for Project Management, New Product Pricing, Client Financial Risk Tolerance Policy, Deviation and Potential Problem Analysis, Inventory Control Model, Stock Market Strategy. Students and researchers interested in fuzzy systems in business, finance, management, operations research, applied mathematics, applied fuzzy logic and social science. With high skill and sharp insight, the authors illustrate the use of fuzzy logic techniques by numerous examples and case studies. Clearly, the writing of Fuzzy Logic for Business, Finance, and Management required a great deal of time, effort, and expertise.