Expected Value Model

Xiang Li

doi:10.1007/978-3-642-36376-4_3

Expected Value Model

Xiang Li^*

^*Corresponding author for this work

Beijing University of Chemical Technology

Research output: Chapter in Book/Report/Conference proceeding › Chapter › peer-review

Abstract

Expected value of a fuzzy variable is the weighted average of all possible values in the sense of credibility measure, which is one of the most well-known credibilistic mappings for ranking fuzzy variables. Based on the concept of expected value, Liu and Liu proposed an expected value model, which had been widely used in many real-life applications. This chapter mainly introduces the concepts of expected value, variance, skewness, moment, as well as the fuzzy simulation technique, expected value model and applications in fuzzy portfolio analysis.

Original language	English
Title of host publication	Uncertainty and Operations Research
Publisher	Springer Nature
Pages	45-71
Number of pages	27
DOIs	https://doi.org/10.1007/978-3-642-36376-4_3
Publication status	Published - 2013
Externally published	Yes

Publication series

Name	Uncertainty and Operations Research
ISSN (Print)	2195-996X
ISSN (Electronic)	2195-9978

Keywords

Credibility Measure
Expected Value Model
Fuzzy Simulation Technique
Fuzzy Variables
Joint Acceptance Function

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10.1007/978-3-642-36376-4_3

Cite this

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abstract = "Expected value of a fuzzy variable is the weighted average of all possible values in the sense of credibility measure, which is one of the most well-known credibilistic mappings for ranking fuzzy variables. Based on the concept of expected value, Liu and Liu proposed an expected value model, which had been widely used in many real-life applications. This chapter mainly introduces the concepts of expected value, variance, skewness, moment, as well as the fuzzy simulation technique, expected value model and applications in fuzzy portfolio analysis.",

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KW - Credibility Measure

KW - Expected Value Model

KW - Fuzzy Simulation Technique

KW - Fuzzy Variables

KW - Joint Acceptance Function

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Expected Value Model

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