Please use this identifier to cite or link to this item: https://hdl.handle.net/20.500.11851/6072
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dc.contributor.authorÖzkan, İbrahim-
dc.contributor.authorTürkşen, İsmail Burhan-
dc.contributor.authorCanpolat, Naci-
dc.date.accessioned2021-09-11T15:34:52Z-
dc.date.available2021-09-11T15:34:52Z-
dc.date.issued2008en_US
dc.identifier.issn0020-0255-
dc.identifier.urihttps://doi.org/10.1016/j.ins.2007.12.007-
dc.identifier.urihttps://hdl.handle.net/20.500.11851/6072-
dc.description.abstractIn this paper, we attempt to analyze currency crises within the decision theory framework. In this regard, we employ fuzzy system modeling with fuzzy C-means (FCM) clustering to develop perception based decision matrix. We try to build a prescriptive model in order to determine the best approximate reasoning schemas. We use the underlying behavior of the market participants during the crisis. With this analysis, we form the dictionary catalogs to construct a perception based payoff matrix. As an illustrative example, we used data from Turkish economy that covers two currency crises. The results show that market participants' dictionary catalogs based on perception knowledge extracted from the first crisis help participants to perceive the rise in market uncertainty. When the expectations are revised accordingly a speculative attack becomes inevitable. (C) 2008 Elsevier Inc. All rights reserved.en_US
dc.language.isoenen_US
dc.publisherElsevier Science Incen_US
dc.relation.ispartofInformation Sciencesen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.subjectcurrency crisesen_US
dc.subjectfuzzy system modelingen_US
dc.subjectperception based decision makingen_US
dc.titleA currency crisis and its perception with fuzzy C-meansen_US
dc.typeArticleen_US
dc.departmentFaculties, Faculty of Engineering, Department of Industrial Engineeringen_US
dc.departmentFakülteler, Mühendislik Fakültesi, Endüstri Mühendisliği Bölümütr_TR
dc.identifier.volume178en_US
dc.identifier.issue8en_US
dc.identifier.startpage1923en_US
dc.identifier.endpage1934en_US
dc.authorid0000-0002-1092-8123-
dc.identifier.wosWOS:000255537200001en_US
dc.identifier.scopus2-s2.0-39149083742en_US
dc.institutionauthorTürkşen, İsmail Burhan-
dc.identifier.doi10.1016/j.ins.2007.12.007-
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.identifier.scopusqualityQ1-
item.fulltextNo Fulltext-
item.languageiso639-1en-
item.openairetypeArticle-
item.openairecristypehttp://purl.org/coar/resource_type/c_18cf-
item.cerifentitytypePublications-
item.grantfulltextnone-
Appears in Collections:Endüstri Mühendisliği Bölümü / Department of Industrial Engineering
Scopus İndeksli Yayınlar Koleksiyonu / Scopus Indexed Publications Collection
WoS İndeksli Yayınlar Koleksiyonu / WoS Indexed Publications Collection
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