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Journal
2016 | 3 | 10-23
Article title

Evaluation of the Quality of the Entrepreneurial Environment on the Basis of Fuzzy Logic

Content
Title variants
Languages of publication
EN
Abstracts
EN
Investor’s risk involves both economic and non-economic factors, which are evaluated by ratings agencies. Within this context, estimates are calculated of the percentage value of the quality of the entrepreneurial environment ”p“ for selected countries in Europe and Asia. They are based on the modified values of the indices of the partial components of the quality of the entrepreneurial environment (levels of corruption, economic and political stability). The partial components of the rating evaluation are processed by means of fuzzy logic, which enables the description of vague and uncertain input data and sociological-psychological factors that occur during managerial tasks. Fuzzy logic is based on the fundamentals of classic propositional logic, whereby the truth-value of each A statement is generalized as |A|  0,1 and is interpreted as the extent or degree of its truthfulness. Compared to the statistical approach, fuzzy logic is discussed and evaluated in terms of particular managerial tasks.
Journal
Year
Issue
3
Pages
10-23
Physical description
Dates
published
2016-12-20
Contributors
References
Document Type
Publication order reference
Identifiers
YADDA identifier
bwmeta1.element.desklight-9f6c4ea9-1faa-4438-8570-1445a7b33ed9
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