Market Equilibrium Point Analysis by a Fuzzy Approach

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BABAKORDI F.

مرکز اطلاعات علمی Scientific Information Database (SID) - Trusted Source for Research and Academic Resources

Journal Paper

Paper Information

Journal: Journal of Operational Research in its Applications Year:2022 | Volume:19 | Issue:3 ( 74) Page(s): 17-28

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Information Journal Paper

Title

Market Equilibrium Point Analysis by a Fuzzy Approach

Author(s)

BABAKORDI F. | Issue Writer Certificate

Keywords

Fuzzy Dual Linear Equation

Fuzzy Number

Fuzzy Supply Function

Fuzzy Demand Function

Fuzzy Equilibrium Point

Abstract

In this paper, the dual fuzzy equations modeling is considered to determine the Fuzzy Equilibrium Point of the market. By defining three sets of solutions for the dual fuzzy equations, the minimum symmetric fuzzy price, the maximum symmetric fuzzy price and the asymmetric fuzzy price are obtained, and accordingly, the Fuzzy Equilibrium Point of the market and fuzzy supply and demand functions are calculated, and by proposing a theorem, the conditions under which the dual fuzzy equations considered to determine the fuzzy market price always have fuzzy solutions are presented. By discussing the drawbacks of the previous method of calculating the fuzzy market price, it is demonstrated that the method proposed in this paper has resolved the disadvantages. Finally, numerical examples show the efficiency and superiority of the proposed method.

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APA: Copy

BABAKORDI, F.. (2022). Market Equilibrium Point Analysis by a Fuzzy Approach. JOURNAL OF OPERATIONAL RESEARCH AND ITS APPLICATIONS (JOURNAL OF APPLIED MATHEMATICS), 19(3 ( 74) ), 17-28. SID. https://sid.ir/paper/1142819/en

Vancouver: Copy

BABAKORDI F.. Market Equilibrium Point Analysis by a Fuzzy Approach. JOURNAL OF OPERATIONAL RESEARCH AND ITS APPLICATIONS (JOURNAL OF APPLIED MATHEMATICS)[Internet]. 2022;19(3 ( 74) ):17-28. Available from: https://sid.ir/paper/1142819/en

IEEE: Copy

F. BABAKORDI, “Market Equilibrium Point Analysis by a Fuzzy Approach,” JOURNAL OF OPERATIONAL RESEARCH AND ITS APPLICATIONS (JOURNAL OF APPLIED MATHEMATICS), vol. 19, no. 3 ( 74) , pp. 17–28, 2022, [Online]. Available: https://sid.ir/paper/1142819/en

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