Cost-benefit analysis and the theory of fuzzy decisions. Fuzzy value theory. (Q1889745)

This monograph is devoted to the development of the value theory of computable general prices in the cost-benefit analysis under fuzzy rationality. The book demonstrates the use of fuzzy decisions 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. It covers computational problems of optimal taxation, costbenefit distributions, social goal-objective formation and rent-seeking activities as fuzzy processes.