Affiliation:
1. Jaypee Institute of Information Technology, India
Abstract
Selection of the best out of several strategies is always a difficult task. Fuzzy criteria allow a better approach to deal with such situations. Fuzzy optimization is one of the best tools in decision making. This chapter covers the concept of fuzziness, fuzzy sets, fuzzy membership and the features of membership functions. Also is described is the classification of fuzzy optimization. Then, decision making and various models for decision making under fuzzy environments are discussed. Standard examples of fuzzy optimization-based decision-making are included to describe the recent trends. This chapter may help researchers to explore different aspects of fuzzy optimization in decision-making.
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