In this article the theoretical generalization for representation of arithmetic operations with fuzzy numbers is considered. Fuzzy numbers are generalized by means of fuzzy measures. On the basis of this generalization the new algorithm of fuzzy arithmetic which uses a principle of entropy...

Real Options analysis offers interesting insights on the value of assets and on the profitability of investments, which has made real options a growing field of academic research and practical application. Real option valuation is, however, often found to be difficult to understand and to...