Estimating One-Off Operational Risk Events with the Lossless Fuzzy Weighted Average Method

Luukka, Pasi; Collan, Mikael; Tam, Fai Keung; Lawryshyn, Yuri

doi:10.1007/978-3-319-60207-3_15

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Scenario Analysis Using Fuzzy Logic1

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Cited by 4 publications

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“…The research of Durfee and Tselykh [16] applies fuzzy numbers to represent scenarios and to sum up the different opinions of experts for each of the scenarios, weighting the opinion of the expert with the α−cut. The aggregation of expert opinion is based on a fuzzy weighted average as used in Luukka et al [36]. In both works, the authors use triangular fuzzy loss estimates to represent the scenarios, based on the judgement and valuation of the domain experts.…”

Section: Scenario Analysis Using Fuzzy Logicmentioning

confidence: 99%