DECISION-MAKING UNDER UNCERTAIN CONDITIONS AND FUZZY PAYOFF MATRIX

  • Stefan Forlicz Wrocław School of Banking
  • Zygmunt Przybycin Wrocław School of Banking

Abstract

The paper has addressed a decision-making problem under imperfect information conditions. A decision-making problem and the types of imperfect information have been defined. Fuzzy information has been distinguished among this information. The criteria of decision-making under uncertain conditions for real and fuzzy payoff matrices have been discussed. Furthermore, attention has been paid to advantages and disadvantages of fuzzy logics in the decision-making process.

References

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Articles