By using the triangular fuzzy scale given below, which alternative would you choose? Alternative State of Nature Favorable MarketUnfavorable Market Large Coffee Shop Fairly good Not bad Small Coffee Shop Absolute Weak advantage Do nothing Equal Equal Probabilities 0.50 0.50 Linguistic Scale of fuzzy number Perfect (8,9,10) Absolute (7,8,9) Very good (6,7,8) Fairly good (5,6,7) Good (4,5,6) Preferable (3,4,5) Not bad (2,3,4) Weak advahtage (1,2,3) Equal (1,1,1)

A First Course in Probability (10th Edition)
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ISBN:9780134753119
Author:Sheldon Ross
Publisher:Sheldon Ross
Chapter1: Combinatorial Analysis
Section: Chapter Questions
Problem 1.1P: a. How many different 7-place license plates are possible if the first 2 places are for letters and...
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By using the triangular fuzzy scale given below, which alternative would you choose?
Alternative
State of Nature
Favorable MarketUnfavorable Market
Large Coffee Shop Fairly good
Not bad
Small Coffee Shop
Absolute
Weak advantage
Do nothing
Equal
Equal
Probabilities
0.50
0.50
Linguistic
Scale of fuzzy number
Perfect
(8,9,10)
Absolute
(7,8,9)
Very good
(6,7,8)
Fairly good
(5,6,7)
Good
(4,5,6)
Preferable
(3,4,5)
Not bad
(2,3,4)
Weak advahtage
(1,2,3)
Equal
(1,1,1)
Transcribed Image Text:By using the triangular fuzzy scale given below, which alternative would you choose? Alternative State of Nature Favorable MarketUnfavorable Market Large Coffee Shop Fairly good Not bad Small Coffee Shop Absolute Weak advantage Do nothing Equal Equal Probabilities 0.50 0.50 Linguistic Scale of fuzzy number Perfect (8,9,10) Absolute (7,8,9) Very good (6,7,8) Fairly good (5,6,7) Good (4,5,6) Preferable (3,4,5) Not bad (2,3,4) Weak advahtage (1,2,3) Equal (1,1,1)
Linguistic
Scale of fuzzy number
Perfect
(8,9,10)
Absolute
(7,8,9)
Very good
(6,7,8)
Fairly good
(5,6,7)
Good
(4,5,6)
Preferable
(3,4,5)
Not bad
(2,3,4)
Weak advantage
(1,2,3)
Equal
(1,1,1).
A State of Nanre
Node
Favorable Market
Open Large Shop
Open Small Shop
Unfavorable Market
Dectston
Node
Favorable Market
Unfavorable Market
Do Nothing
Transcribed Image Text:Linguistic Scale of fuzzy number Perfect (8,9,10) Absolute (7,8,9) Very good (6,7,8) Fairly good (5,6,7) Good (4,5,6) Preferable (3,4,5) Not bad (2,3,4) Weak advantage (1,2,3) Equal (1,1,1). A State of Nanre Node Favorable Market Open Large Shop Open Small Shop Unfavorable Market Dectston Node Favorable Market Unfavorable Market Do Nothing
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