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Fuzzy logic is a form of many-valued logic in which the truth value of variables may be any real number between 0 and 1. It is employed to handle the concept of partial truth, where the truth value may range between completely true and completely false. [ 1 ]
Fuzzy logic has been applied to the problem of predicting cement strength. [91] It looks like fuzzy logic will eventually be applied in almost every aspect of life, even if people are not aware of it, and in that sense fuzzy logic is an astonishingly successful invention. [92]
Let (G, *) be a group and A a fuzzy subset of G. Then A is a fuzzy subgroup of G if for all x, y in G, A(x*y −1) ≥ min(A(x), A(y −1)). A similar generalization principle is used, for example, for fuzzification of the transitivity property. Let R be a fuzzy relation on X, i.e. R is a fuzzy subset of X × X.
Defuzzification is interpreting the membership degrees of the fuzzy sets into a specific decision or real value. The simplest but least useful defuzzification method is to choose the set with the highest membership, in this case, "Increase Pressure" since it has a 72% membership, and ignore the others, and convert this 72% to some number.
Type-2 fuzzy sets and systems generalize standard Type-1 fuzzy sets and systems so that more uncertainty can be handled. From the beginning of fuzzy sets, criticism was made about the fact that the membership function of a type-1 fuzzy set has no uncertainty associated with it, something that seems to contradict the word fuzzy, since that word has the connotation of much uncertainty.
The fuzzy pay-off method for real option valuation (FPOM or pay-off method) [1] is a method for valuing real options, developed by Mikael Collan, Robert Fullér, and József Mezei; and published in 2009. It is based on the use of fuzzy logic and fuzzy numbers for the creation of the possible pay-off distribution of a project (real
A systematic study of particular t-norm fuzzy logics and their classes began with Hájek's (1998) monograph Metamathematics of Fuzzy Logic, which presented the notion of the logic of a continuous t-norm, the logics of the three basic continuous t-norms (Łukasiewicz, Gödel, and product), and the 'basic' fuzzy logic BL of all continuous t-norms ...
Note that unlike possibility, fuzzy logic is compositional with respect to both the union and the intersection operator. The relationship with fuzzy theory can be explained with the following classic example. Fuzzy logic: When a bottle is half full, it can be said that the level of truth of the proposition "The bottle is full" is 0.5.