Please use this identifier to cite or link to this item:
Title: Finding Equilibrium Price and Quantity Using Fuzzy Linear Demand and Supply Equations
Authors: Islam, Sahidul
Alam, Md. Ashraful
Hossain, Sakib
Keywords: Demand
Linear Demand
Supply Model
Classical Method
Issue Date: 26-Dec-2021
Publisher: Registrar , Vidyasagar University , Midnapore , West Bengal , India , 721102
Series/Report no.: Vol.26;
Abstract: In this research, we explore the supply and demand model and pursue the factors that influence demand and supply. We discuss the shifting of equilibrium points for the changes of supply and demand. Equilibrium is the point where both the consumers’ and producer’s willingness agree. Since there exists so many factors affecting the equilibrium point and the data are imprecise, we are aiming to find the equilibrium interval rather than the crisp point. We conduct our work with the help of interval arithmetic of fuzzy numbers and the classical method of solving the system of fuzzy linear equations.
Description: PP: 33-45
ISSN: 2350-0352
Appears in Collections:Journal of Physical Sciences, Vol. 26 (2021)

Files in This Item:
File Description SizeFormat 
JPS-v26-art4.pdfResearch article/ Review article160.64 kBAdobe PDFView/Open

Items in DSpace are protected by copyright, with all rights reserved, unless otherwise indicated.