On Approximation of Any Ordered Fuzzy Number by A Trapezoidal Ordered Fuzzy Number

In this paper, the model of imprecise quantity information is an ordered fuzzy number. The purpose of our study is to propose some methods of approximating any ordered fuzzy number using a trapezoidal ordered fuzzy number. The information ambiguity is evaluated by means of an energy measure. The inf...

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Main Authors: Krzysztof Piasecki, Anna Łyczkowska-Hanćkowiak
Format: Article
Language:English
Published: MDPI AG 2018-10-01
Series:Symmetry
Subjects:
Online Access:http://www.mdpi.com/2073-8994/10/10/526
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author Krzysztof Piasecki
Anna Łyczkowska-Hanćkowiak
author_facet Krzysztof Piasecki
Anna Łyczkowska-Hanćkowiak
author_sort Krzysztof Piasecki
collection DOAJ
description In this paper, the model of imprecise quantity information is an ordered fuzzy number. The purpose of our study is to propose some methods of approximating any ordered fuzzy number using a trapezoidal ordered fuzzy number. The information ambiguity is evaluated by means of an energy measure. The information indistinctness is evaluated by Kosko’s entropy measure. We discuss the problem of approximation of an arbitrary ordered fuzzy number by the nearest trapezoidal ordered fuzzy number. This way, we can simplify arithmetical operations on the linear space of ordered fuzzy numbers. The set of feasible trapezoidal ordered numbers is limited by the combination of the following conditions: invariance of energy measure, invariance of entropy measure, and invariance of information support. Evaluating the influence of individual limits combinations on the utility of given approximations, two combinations of those restraints, recommended for use, were chosen. It was also indicated that one of the recommended approximation problems can be used only for ordered fuzzy numbers characterized by a low level of entropy. The obtained results are currently used in such multi-criterial decision making models as financial portfolio management, evaluation of negotiations offers, the fuzzy TOPSIS model, and the fuzzy SAW model.
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spelling doaj.art-07720976ddc94190ac53c39a1b5f03702022-12-22T03:09:21ZengMDPI AGSymmetry2073-89942018-10-01101052610.3390/sym10100526sym10100526On Approximation of Any Ordered Fuzzy Number by A Trapezoidal Ordered Fuzzy NumberKrzysztof Piasecki0Anna Łyczkowska-Hanćkowiak1Department of Investment and Real Estate, Poznan University of Economics and Business; al. Niepodleglosci 10, 61-875 Poznań, PolandDepartment of Finance, WSB University in Poznań, ul. Powstańców Wielkopolskich 5, 61-895 Poznań, PolandIn this paper, the model of imprecise quantity information is an ordered fuzzy number. The purpose of our study is to propose some methods of approximating any ordered fuzzy number using a trapezoidal ordered fuzzy number. The information ambiguity is evaluated by means of an energy measure. The information indistinctness is evaluated by Kosko’s entropy measure. We discuss the problem of approximation of an arbitrary ordered fuzzy number by the nearest trapezoidal ordered fuzzy number. This way, we can simplify arithmetical operations on the linear space of ordered fuzzy numbers. The set of feasible trapezoidal ordered numbers is limited by the combination of the following conditions: invariance of energy measure, invariance of entropy measure, and invariance of information support. Evaluating the influence of individual limits combinations on the utility of given approximations, two combinations of those restraints, recommended for use, were chosen. It was also indicated that one of the recommended approximation problems can be used only for ordered fuzzy numbers characterized by a low level of entropy. The obtained results are currently used in such multi-criterial decision making models as financial portfolio management, evaluation of negotiations offers, the fuzzy TOPSIS model, and the fuzzy SAW model.http://www.mdpi.com/2073-8994/10/10/526ordered fuzzy numbersenergy measureentropy measureinformation ambiguityinformation indistinctness
spellingShingle Krzysztof Piasecki
Anna Łyczkowska-Hanćkowiak
On Approximation of Any Ordered Fuzzy Number by A Trapezoidal Ordered Fuzzy Number
Symmetry
ordered fuzzy numbers
energy measure
entropy measure
information ambiguity
information indistinctness
title On Approximation of Any Ordered Fuzzy Number by A Trapezoidal Ordered Fuzzy Number
title_full On Approximation of Any Ordered Fuzzy Number by A Trapezoidal Ordered Fuzzy Number
title_fullStr On Approximation of Any Ordered Fuzzy Number by A Trapezoidal Ordered Fuzzy Number
title_full_unstemmed On Approximation of Any Ordered Fuzzy Number by A Trapezoidal Ordered Fuzzy Number
title_short On Approximation of Any Ordered Fuzzy Number by A Trapezoidal Ordered Fuzzy Number
title_sort on approximation of any ordered fuzzy number by a trapezoidal ordered fuzzy number
topic ordered fuzzy numbers
energy measure
entropy measure
information ambiguity
information indistinctness
url http://www.mdpi.com/2073-8994/10/10/526
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