Publication detail

Economic Risk Evaluation via Fuzzy Logic

DOSTÁL, P. RUKOVANSKÝ, I. KRÁLÍK, J.

Original Title

Economic Risk Evaluation via Fuzzy Logic

Czech Title

Vyhodnocení ekonomického rizika s vy užitím fuzzy logiky

English Title

Economic Risk Evaluation via Fuzzy Logic

Type

conference paper

Language

en

Original Abstract

The aim of the article is the presentation of the use of fuzzy logic theory for economic risk evaluation. The fuzzy logic has had successful applications in risk analysis. The processes are focused on private corporate to avoid high risk business, therefore the details of applications, successful or not, are not published very often. The created models help in decentralization of decision-making processes to be standardized, reproduced, and documented. The risk evaluation plays very important roles especially in business because it helps to reduce costs.

Czech abstract

Cílem článku je prezentace využití teorie fuzzy logiky pro hodnocení ekonomického rizika. Fuzzy logika má úspěšné aplikace v analýze rizik. Procesy jsou zaměřeny na soukromé korporace za účelem snížení podnikání s vysokým rizikem. Uvedeníá problematiky nebývá často zveřejňována. Vytvořené modely pomáhají standardizaci, reprodukci a dokumentaci rozhodovacích procesů. Hodnocení rizik hraje velmi důležitou úlohu zejména v podnikání, protože pomáhá snižovat náklady.

English abstract

The aim of the article is the presentation of the use of fuzzy logic theory for economic risk evaluation. The fuzzy logic has had successful applications in risk analysis. The processes are focused on private corporate to avoid high risk business, therefore the details of applications, successful or not, are not published very often. The created models help in decentralization of decision-making processes to be standardized, reproduced, and documented. The risk evaluation plays very important roles especially in business because it helps to reduce costs.

Keywords

risk investment, fuzzy logic

Released

25.04.2018

Publisher

International Business Information Management Association (IBIMA)

Location

Milan, Italy

ISBN

978-0-9998551-0-2

Book

Inovation Management and Education Excellence through Vision 2020

Edition number

1.

Pages from

548

Pages to

552

Pages count

4