Fuzzy Logic Applications in Computer Science and Mathematics

10Financial Planning and Decision Making for Students Using Fuzzy Logic

G. Surya Deepan¹* and T. Subbulakshmi²

¹Electrical and Electronics Engineering Student, Vellore Institute of Technology, Chennai, Tamil Nadu, India

²School of Computer Science and Engineering, Vellore Institute of Technology, Chennai, Tamil Nadu, India

Abstract

Fuzzy logic has lot of applications in daily life, which includes financial planning as well. Common applications like stock market, investment decision making is implemented using fuzzy logic concepts. The focus of this research is to take buying decisions for a product using fuzzy logic. The data collection is done from students. The qualitative and quantitative data such as income and necessity which are collected from the students are used as inputs. Fuzzy inference system (FIS) takes the inputs and processes further to produce the required decisions based on the intelligent rules. The output of FIS helps the student to take a decision towards deciding the worthiness of the product. The buying decisions are made effective with the use of FIS since the buying options are completely analysed. The results enable the student to decide the worth of the product toward buying based on intelligent output from fuzzy logic.

Keywords: Fuzzy logic, planning, finance, students, decision making

10.1 Introduction

Planning is the most essential element in a person’s everyday life. In finance, planning is everything. Planning makes people well prepared for ...