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Decision Making in Crisis Conditions using Trapezoidal Fuzzy Numbers

Author

Listed:
  • Alecu Ionel Ciprian

    (Romanian Academy – Iaºi Branch)

Abstract

In practice one cannot speak of a “standard” method used as a single recipe that may facilitate the reduction of uncertainty in decision making. The transition from the state of crisis to the state of opportunity becomes the ground on which technocratic, structural, cultural and political approaches make a difference in managing an organisation. To conduct such an assessment process, we propose the use of trapezoidal fuzzy numbers, because of the difficulty to quantify exactly or probabilistically both the economic indicators and the socio-economic, technological etc. influencing factors.

Suggested Citation

  • Alecu Ionel Ciprian, 2011. "Decision Making in Crisis Conditions using Trapezoidal Fuzzy Numbers," Ovidius University Annals, Economic Sciences Series, Ovidius University of Constantza, Faculty of Economic Sciences, vol. 0(2), pages 7-11, May.
    • Handle: RePEc:ovi:oviste:v:xi:y:2011:i:9:p:7-11
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    More about this item

    Keywords

    management decisions trapezoidal fuzzy numbers; crisis conditions;

    JEL classification:

    • M11 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Administration - - - Production Management
    • M21 - Business Administration and Business Economics; Marketing; Accounting; Personnel Economics - - Business Economics - - - Business Economics

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