A model of using binomial tree pricing formulae in a fuzzy market is proposed. In the fuzzy market, a price interval can be got according to the belief degree. The rule for the reasonability of the price interval is p...A model of using binomial tree pricing formulae in a fuzzy market is proposed. In the fuzzy market, a price interval can be got according to the belief degree. The rule for the reasonability of the price interval is proposed. The explicit expression of the interval is discussed in some special settings.展开更多
This article introduces a consistency index for measuring the consistency level of an interval fuzzy preference relation（IFPR）.An approach is then proposed to construct an additive consistent IFPR from a given incon...This article introduces a consistency index for measuring the consistency level of an interval fuzzy preference relation（IFPR）.An approach is then proposed to construct an additive consistent IFPR from a given inconsistent IFPR.By using a weighted averaging method combining the original IFPR and the constructed consistent IFPR,a formula is put forward to repair an inconsistent IFPR to generate an IFPR with acceptable consistency.An iterative algorithm is subsequently developed to rectify an inconsistent IFPR and derive one with acceptable consistency and weak transitivity.The proposed approaches can not only improve consistency of IFPRs but also preserve the initial interval uncertainty information as much as possible.Numerical examples are presented to illustrate how to apply the proposed approaches.展开更多
文摘A model of using binomial tree pricing formulae in a fuzzy market is proposed. In the fuzzy market, a price interval can be got according to the belief degree. The rule for the reasonability of the price interval is proposed. The explicit expression of the interval is discussed in some special settings.
基金partially supported by National Natural Sciences Foundation of China (71271188,71272129,71301061,71471059)Ministry of Education Humanities and Social Sciences Youth Fund(13YJC630120)+2 种基金National Social Science Fund Project(12AZD111)Natural Sciences and Engineering Research Council of Canada(NSERC) under its Discovery Grant programthe Jiangsu ITO Strategy Research Base Grant
文摘This article introduces a consistency index for measuring the consistency level of an interval fuzzy preference relation（IFPR）.An approach is then proposed to construct an additive consistent IFPR from a given inconsistent IFPR.By using a weighted averaging method combining the original IFPR and the constructed consistent IFPR,a formula is put forward to repair an inconsistent IFPR to generate an IFPR with acceptable consistency.An iterative algorithm is subsequently developed to rectify an inconsistent IFPR and derive one with acceptable consistency and weak transitivity.The proposed approaches can not only improve consistency of IFPRs but also preserve the initial interval uncertainty information as much as possible.Numerical examples are presented to illustrate how to apply the proposed approaches.
