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FUZZY ECONOMIC REVIEW

ISSN (print) 1136-0593 · ISSN (online) 2445-4192

Volume 22, Number 1, 2017

Special Issue XIX SIGEF Congress

PRECAUTIONARY PRINCIPLE AND ATTITUDINAL DECISION MAKING

Kurt J. Engemann. Center for Business Continuity and Risk Management, Iona College, New Rochelle, NY, 10801, USA. Email: kengemann@iona.edu

Holmes E. Miller. Department of Accounting, Business, Economics and Finance, Muhlenberg College, Allentown, PA, 18104, USA. Email: holmesmiller@muhlenberg.edu

We discuss the precautionary principle and decision making with consideration of the attitudinal disposition or bias of the decision maker. First, we review several applications where the precautionary principle applies and conclude that applying it in its strongest form implies a highly risk averse decision maker. The value of additional…
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QUALITY ASSESSMENT OF FUZZY CLASSIFICATION: AN APPLICATION TO SOLVENCY ANALYSIS

F. Castiblanco. Faculty of Accountancy, Gran Colombia University, Bogotá DC, Colombia, email: fabianalberto.castiblanco@ugc.edu.co

J. Montero. Department of Statistics, Complutense University, Madrid, Spain, email: monty@mat.ucm.es

J.T. Rodríguez. Department of Statistics, Complutense University, Madrid, Spain, email: jtrodrig@mat.ucm.es

D. Gómez. Department of Statistics, Complutense University, Madrid, Spain, email: dagomez@estad.ucm.es

The aim of this paper is to apply and establish the advantages of using fuzzy classification systems in evaluating the quality of a fuzzy partition. The system is applied in a methodological proposal for the analysis of the business financial solvency in a specific sector. The sectorial analysis of the…
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A FUZZY MODEL FOR THE QUANTIFICATION OF COST OF QUALITY BASED ON THE AGGREGATION OF INFORMATION

José M. Brotons. Miguel Hernández University, Edificio La Galia, Avda. de la Universidad, s/n, 03202, Elche (Spain), email: jm.brotons@uhm.es

Manuel E. Sansalvador. Miguel Hernández University, Edificio La Galia, Avda. de la Universidad, s/n, 03202, Elche (Spain), email: manri@uhm.es

In this work a methodology will be developed, which it will substantially improve the quantification process of certain elements of Cost of Quality which companies cannot estimate through objective criteria. The methodological proposal for the quantification of these costs is based on the foundations of fuzzy logic. In particular an…
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PRIORITIZED INDUCED PROBABILISTIC DISTANCES IN TRANSPARENCY AND ACCESS TO INFORMATION LAWS

E. Avilés-Ochoa. University of Occidente, Blvd. Lola Beltrán s/n esq. Circuito Vial, Culiacán, 80200, México.

L.A. Perez-Arellano. University of Occidente, Blvd. Lola Beltrán s/n esq. Circuito Vial, Culiacán, 80200, México.

E. León-Castro. University of Occidente, Blvd. Lola Beltrán s/n esq. Circuito Vial, Culiacán, 80200, México.

J.M. Merigó. Department of Management Control and Information Systems, School of Economics and Business, University of Chile, Av. Diagonal Paraguay 257, 8330015, Santiago Chile.

In this paper, a new extension of the ordered weighted average (OWA) operator is developed using four different methods: prioritized operators, induced operators, probabilistic operators and distance techniques. This new operator is called the prioritized induced probabilistic ordered weighted average distance (PIPOWAD) operator. The primary advantage is that we include…
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