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Please use this identifier to cite or link to this item: http://hdl.handle.net/10119/5022

Title: Decision making under uncertainty with fuzzy targets
Authors: Huynh, Van-Nam
Nakamori, Yoshiteru
Ryoke, Mina
Ho, Tu-Bao
Keywords: Decision making
Uncertainty
Fuzzy target
Expected utility
Risk attitude
Issue Date: 2007-09
Publisher: Springer
Magazine name: Fuzzy Optimization and Decision Making
Volume: 6
Number: 3
Start page: 255
End page: 278
DOI: 10.1007/s10700-007-9011-0
Abstract: This paper discusses the issue of how to use fuzzy targets in the target-based model for decision making under uncertainty. After introducing a target-based interpretation of the expected value on which it is shown that this model implicitly assumes a neutral behavior on attitude about the target, we examine the issue of using fuzzy targets considering different attitudes about the target selection of the decision maker. We also discuss the problem for situations on which the decision maker's attitude about target may change according to different states of nature. Especially, it is shown that the target-based approach can provide an unified way for solving the problem of fuzzy decision making with uncertainty about the state of nature and imprecision about payoffs. Several numerical examples are given for illustration of the discussed issues.
Rights: This is the author-created version of Springer, Van-Nam Huynh, Yoshiteru Nakamori, Mina Ryoke and Tu-Bao Ho, Fuzzy Optimization and Decision Making, 6(3), 2007, 255-278. The original publication is available at www.springerlink.com, http://dx.doi.org/10.1007/s10700-007-9011-0
URI: http://hdl.handle.net/10119/5022
Material Type: author
Appears in Collections:a10-1. 雑誌掲載論文 (Journal Articles)

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