Towards a descriptive theory of transaction cost economics: A fuzzy set approach

Khondkar Karim, Philip Siegel, Ashutosh Deshmukh

Research output: Contribution to journalConference article

Abstract

This paper provides a model for investigating the problem of ambiguity associated with decision making. The model is based on fuzzy set theory which allows for various states of probabilities and set benefits. It also reduces the need for precise measures which are often difficult if not impossible to obtain.

Original languageEnglish (US)
Pages (from-to)2187-2192
Number of pages6
JournalProceedings of the IEEE International Conference on Systems, Man and Cybernetics
Volume3
StatePublished - Dec 1 1997
EventProceedings of the 1997 IEEE International Conference on Systems, Man, and Cybernetics. Part 3 (of 5) - Orlando, FL, USA
Duration: Oct 12 1997Oct 15 1997

All Science Journal Classification (ASJC) codes

  • Control and Systems Engineering
  • Hardware and Architecture

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