Design Considerations of Time in Fuzzy Systems

by J. Virant

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Description

Fuzzy theory is an interesting name for a method that has been highly effective in a wide variety of significant, real-world applications. A few examples make this readily apparent. As the result of a faulty design the method of computer-programmed trading, the biggest stock market crash in history was triggered by a small fraction of a percent change in the interest rate in a Western European country. A fuzzy theory ap­ proach would have weighed a number of relevant variables and the ranges of