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Ranking fuzzy numbers is a prerequisite for the decision making problem. In order to rank fuzzy quantities many researchers proposed and analyzed different techniques on triangular and trapezoidal fuzzy numbers. However, no one can claim their method is a satisfactory one. In this paper a modified distance based approach called signed distance proposed by Yao and Wu [9] is discussed. This proposed approach is free from computational complexity in the process of decision making, optimization and forecasting problems. Some Numerical examples are used to illustrate the proposed approach. Mathematics Subject Classification90C08,90C90.

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