Fuzzy Economic Analysis Methods for Environmental Economics

Abstract

Environmental economics is an area of economics that studies the financial impact of environmental policies to determine the theoretical or empirical effects of these policies on the economy. In this chapter, engineering economy techniques are developed under fuzziness to be employed in environmental problems. Ordinary fuzzy sets, type-2 fuzzy sets , intuitionistic fuzzy sets , and hesitant fuzzy sets are handled in the development of fuzzy engineering economy analyses. For each of these fuzzy sets, an application related to environmental economics is given.