The aim of this paper is to analyze the effects of exchange rate volatility on international trade fl ows by using two different approaches, the panel data analysis and fuzzy logic, and to compare the results. To a panel with the crosssection dimension of 91 pairs of EU15 countries and with time...

The aim of this paper is to analyze the effects of exchange rate volatility on international trade flows by using two different approaches, the panel data analysis and fuzzy logic, and to compare the results. To a panel with the cross- section dimension of 91 pairs of EU15 countries and with...

A linguistic decision aiding technique for multi-criteria decision is presented. We define a relation between alternatives as multi-criteria semantic dominance (MCSD). It adopts the similar ideal of the stochastic dominance by utilizing the partial information of the decision maker’s...

There are much more publications in open literature on the topic of linguistic variables as compared with Computing With Words (CWW). This paper intends to change that situation by demonstrating the feasibility of a working system. In order to accomplish this goal, a very focused example of an...

Most group decision making (GDM) problems based on linguistic approaches use symmetrically and uniformly distributed linguistic term sets to express experts' opinions. However, there exist problems whose assessments need to be represented by means of unbalanced linguistic term sets, i.e. using...