CONSUMER AND PRODUCER SURPLUS OF THE LINEAR DEMAND AND SUPPLY FUNCTIONS BY FUZZIFYING POLYGONAL FUZZY NUMBERS AND DEFUZZIFYING GRADED MEAN
Salih Aytar, İsmail Özcan
Pages: 240-246
Published: 5 Oct 2019
Views: 898
Downloads: 82
Abstract: Let ????=????−b???? and ????=????+g???? be linear demand function and linear supply function, respectively. If the price ???? is fixed then the quantity ???? is not necessarily fixed. In this paper, the quantity ???? are fuzzified using polygonal fuzzy number. Then the graded mean method is used to defuzzify the fuzzy demand function and fuzzy supply function. Finally the results obtained show that our polygonal fuzzy model gives more optimal results than triangular fuzzy model.
Keywords: graded mean, polygonal fuzzy number, consumer surplus, producer surplus
Cite this article: Salih Aytar, İsmail Özcan. CONSUMER AND PRODUCER SURPLUS OF THE LINEAR DEMAND AND SUPPLY FUNCTIONS BY FUZZIFYING POLYGONAL FUZZY NUMBERS AND DEFUZZIFYING GRADED MEAN. Journal of International Scientific Publications: Economy & Business 13, 240-246 (2019). https://www.scientific-publications.net/en/article/1001927/
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