Saturday, December 26, 2009

A STRUCTURED APPROACH TO RISK ASSESSMENT USING FUZZY LOGIC

A STRUCTURED APPROACH TO RISK ASSESSMENT USING FUZZY LOGIC

When bivalent logic is applied, there are just two possible answers to a question, namely those of yes or no. However, in practice questions exist that can be answered only with difficulty or practically cannot be answered unequivocally using the bivalent logic. Fuzzy logic makes it possible to answer a question by making a choice from among an infinite number of possible answers. Whereas when using bivalent logic we assign 1 to a yes answer and 0 to a no answer, when using fuzzy logic, a reply can be expressed by an arbitrary number equal to........

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