Uncertainty Modeling in Risk Analysis: A Fuzzy Set Approach

Palash Dutta, Tazid Ali
2012 International Journal of Computer Applications  
Risk assessment is a popular and important tool in decision making process. Risk assessment is generally performed using models and model is a function of some parameters which are usually affected by uncertainty. Here, we consider that model parameters are affected by epistemic uncertainty. To represent epistemic uncertainty in general triangular fuzzy number or trapezoidal fuzzy numbers are used. In this paper, we study Gaussian fuzzy number to represent epistemic type uncertainty and try to
more » ... use with triangular fuzzy numbers and also risk assessment is carried out under fuzzy environment.
doi:10.5120/6199-8734 fatcat:o3dxalhsajf7xethqtvoafc4qu