Consumer Surplus and Producer Surplus of the Linear Demand and Supply Functions using Interval-Valued Triangular Fuzzy Numbers

Akbas B., AYTAR S.

INTERNATIONAL JOURNAL OF APPLIED MATHEMATICS & STATISTICS, vol.60, no.3, pp.40-48, 2021 (ESCI) identifier

  • Publication Type: Article / Article
  • Volume: 60 Issue: 3
  • Publication Date: 2021
  • Journal Name: INTERNATIONAL JOURNAL OF APPLIED MATHEMATICS & STATISTICS
  • Journal Indexes: Emerging Sources Citation Index (ESCI), zbMATH
  • Page Numbers: pp.40-48
  • Keywords: consumer surplus and producer surplus, interval-valued triangular fuzzy numbers, signed distance defuzzification method, PRINCIPLE
  • Süleyman Demirel University Affiliated: Yes

Abstract

In this paper, we fuzzified the quantity of the functions of linear demand and supply by using the interval-valued triangular fuzzy numbers. Then we calculated consumer surplus and producer surplus. We apply the signed distance defuzzification method to get the crisp results.