Review on Fuzzy Difference Equation

Authors

  • Mukminah Darus
  • Abd Fatah Wahab

DOI:

https://doi.org/10.11113/mjfas.v8n4.144

Keywords:

Fuzzy difference equation, Type-2 fuzzy, Finance,

Abstract

Fuzzy difference equation has been introduced by Kandel and Byatt in 1978. This topic has been growing rapidly for many years. Fuzzy difference forms is suitable for uncertainty or vagueness problems such as mathematical modelling, finance or else and it also applied in engineering, economics, science and etc. In this paper, we review the application of fuzzy difference equations that has been used before. We also give some ideas to relate from this type-1 fuzzy difference equation to type-2 fuzzy. The using of type-2 fuzzy is for more uncertainties and it is really suitable for problems in finance.

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Published

16-10-2014