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Cost-Benefit Analysis and the Theory of Fuzzy Decisions
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This monograph is devoted to the development of value theory of computable general prices in cost-benefit analysis under fuzzy rationality. The book demonstrates the use of fuzzy decision algorithms and logic to develop a comprehensive and multidisciplinary cost-benefit analysis by taking advantage of current scientific gains in fuzziness and soft computing. The theory is developed at a basic level of microeconomics leading to aggregation in fuzzy decision environment composed of subjective phenomenon, imprecision, approximations and problems of information elicitation. The book integrates the theories of computable prices, fuzzy decisions and social decision-choice processes into a set of decision algorithms accessible to practitioners, researchers, graduate students, and policy makers in economics, engineering, as well as physical, social, and medical sciences. TOC:The Theory of Fuzzy Optimal and Approximate Social Prices.- The Theory of Optimal Social Discount Tariff.- The Theoretical Structure of Cost-Benefit Criteria, Choice of Project and Discounting Process.- The Theory of Fuzzy Present Value (FPV).- The Theory of Fuzzy Decisions, Optimal Taxation and Cost-Benefit Distribution.- Toward a Theory of Social Goals and Objective Formation in Cost-Benefit Analysis.
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