Fuzzy Logic in Financial Analysis

In today’s increasing complex and uncertain business environment, financial analysis is yet more critical to business managers who tackle the problems of an economic or business nature. Knowledge based on formal logic and even experience becomes less suff

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Studies in Fuzziness and Soft Computing, Volume 175 Editor-in-chief Prof. Janusz Kacprzyk Systems Research Institute Polish Academy of Sciences ul. Newelska 6 01-447 Warsaw Poland E-mail: [email protected] Further volume of this series can be found on our homepage: springeronline.com

Vol. 167. Y. Jin (Ed.) Knowledge Incorporation in Evolutionary Computation, 2005 ISBN 3-540-22902-7

Vol. 160. K.K. Dompere Cost-Benefit Analysis and the Theory of Fuzzy Decisions – Fuzzy Value Theory, 2004 ISBN 3-540-22161-1

Vol. 168. Yap P. Tan, Kim H. Yap, Lipo Wang (Eds.) Intelligent Multimedia Processing with Soft Computing, 2005 ISBN 3-540-22902-7

Vol. 161. N. Nedjah, L. de Macedo Mourelle (Eds.) Evolvable Machines, 2005 ISBN 3-540-22905-1 Vol. 162. R. Khosla, N. Ichalkaranje, L.C. Jain Design of Intelligent Multi-Agent Systems, 2005 ISBN 3-540-22913-2 Vol. 163. A. Ghosh, L.C. Jain (Eds.) Evolutionary Computation in Data Mining, 2005 ISBN 3-540-22370-3 Vol. 164. M. Nikravesh, L.A. Zadeh, J. Kacprzyk (Eds.) Soft Computing for Information Prodessing and Analysis, 2005 ISBN 3-540-22930-2 Vol. 165. A.F. Rocha, E. Massad, A. Pereira Jr. The Brain: From Fuzzy Arithmetic to Quantum Computing, 2005 ISBN 3-540-21858-0 Vol. 166. W.E. Hart, N. Krasnogor, J.E. Smith (Eds.) Recent Advances in Memetic Algorithms, 2005 ISBN 3-540-22904-3

Vol. 169. C.R. Bector, Suresh Chandra Fuzzy Mathematical Programming and Fuzzy Matrix Games, 2005 ISBN 3-540-23729-1 Vol. 170. Martin Pelikan Hierarchical Bayesian Optimization Algorithm, 2005 ISBN 3-540-23774-7 Vol. 171. James J. Buckley Simulating Fuzzy Systems, 2005 ISBN 3-540-24116-7 Vol. 172. Patricia Melin, Oscar Castillo Hybrid Intelligent Systems for Pattern Recognition Using Soft Computing, 2005 ISBN 3-540-24121-3 Vol. 173. Bogdan Gabrys, Kauko Leivisk¨a, Jens Strackeljan (Eds.) Do Smart Adaptive Systems Exist?, 2005 ISBN 3-540-24077-2 Vol. 174. Mircea Negoita, Daniel Neagu, Vasile Palade Computational Intelligence: Engineering of Hybrid Systems, 2005 ISBN 3-540-23219-2 Vol. 175. Anna Maria Gil-Lafuente Fuzzy Logic in Financial Analysis, 2005 ISBN 3-540-23213-3

Anna Maria Gil-Lafuente

Fuzzy Logic in Financial Analysis

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Professor Dr. Anna Maria Gil-Lafuente Universidad de Barcelona Facultad de Ciencias Econ´omicas y Empresariales Dept. de Econom´ıa y Organizaci´on de Empresas Av. Diagonal, 690 08034 Barcelona Spain E-mail: [email protected]

ISSN print edition:1434-9922 ISSN electronic edition:1860-0808 ISBN-10 3-540-23213-3 Springer Berlin Heidelberg New York ISBN-13 978-3-540-23213-1 Springer Berlin Heidelberg New York Library of Congress Control Number: 2004117077

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