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In this paper, we present a new method for fuzzy risk analysis based on similarity measures of generalized fuzzy numbers. Firstly, we present a method called the simple center of gravity method (SCGM) to calculate the center-of-gravity (COG) points of generalized fuzzy numbers. Then, we use the SCGM to propose a new method to measure the degree of similarity between generalized fuzzy numbers. The proposed similarity measure uses the SCGM to calculate the COG points of trapezoidal or triangular generalized fuzzy numbers and then to calculate the degree of similarity between generalized fuzzy numbers. We also prove some properties of the proposed similarity measure and use an example to compare the proposed method with the existing similarity measures. The proposed similarity measure can overcome the drawbacks of the existing methods. We also apply the proposed similarity measure to develop a new method to deal with fuzzy risk analysis problems. The proposed fuzzy risk analysis method is more flexible and more intelligent than the existing methods due to the fact that it considers the degrees of confidence of decisionmakers' opinions.
Chen et al. (Sat,) studied this question.