Economic Risk Evaluation via Fuzzy Logic

Abstract:

The aim of the article is the presentation of the use of fuzzy logic theory for economic risk evaluation. The fuzzy logic has had successful applications in risk analysis. The processes are focused on private corporate to avoid high risk business, therefore the details of applications, successful or not, are not published very often. The created models help in decentralization of decision-making processes to be standardized, reproduced, and documented. The risk evaluation plays very important roles especially in business because it helps to reduce costs.