Title: Decision-making under risk and uncertainty

Authors: Geo I. Gatev

Addresses: Technical University – Sofia, 8 Kliment Ohridski Blv., Sofia 1756, CREFID, Bulgaria

Abstract: Fuzzy sets and interval analysis tools to make computations and solve optimisation problems are presented. Fuzzy and interval extensions of Decision Theory criteria for decision-making under parametric uncertainty of prior information (probabilities, payoffs) are developed. An interval probability approach to the mean-value criterion is proposed.

Keywords: fuzzy sets; interval analysis; uncertainty; interval probability; decision making criteria; fuzzy logic; investment project evaluation; hydroelectric power.

DOI: 10.1504/IJNGEE.2006.008705

International Journal of Nuclear Governance, Economy and Ecology, 2006 Vol.1 No.1, pp.82 - 95

Published online: 17 Jan 2006 *

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