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Fuzzy Logic |
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Fuzzy Logic A system which mathematically models complex relationships which are usually handled in a vague manner by language. Under the title of "Fuzzy Logic" falls formal fuzzy logic (a multi-valued form of logic), and fuzzy sets. Fuzzy sets measure the similarity between an object and a group of objects. A member of a fuzzy set can belong to both the set, and its compliment. Fuzzy sets can more closely approximate human reasoning than traditional "crisp" sets. See: Crisp sets. |
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You can also explore on a number of other criteria which the press release seems to suggest uses fuzzy logic but which, I think, has merely to do with adjacency. He points out that control engineers showed long ago that fuzzy logic couldn't do anything that mathematical modeling couldn't do. Turtle, Bector and Gill (1994) studied on the using of fuzzy logic in corporate finance. |
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Fuzzy Logic
