A new parametric method for ranking fuzzy numbers

Ranking fuzzy numbers is important in decision-making, data analysis, artificial intelligence, economic systems and operations research. In this paper, to overcome the limitations of the existing studies and simplify the computational procedures an approach to ranking fuzzy numbers based on αα-cuts is proposed. The approach is illustrated by numerical examples, showing that it overcomes several shortcomings such as the indiscriminative and counterintuitive behavior of existing fuzzy ranking approaches.