This paper presents a comprehensive overview of currently known applications of computing with words (CWW) in risk assessment. It is largely grouped into the following 5 categories: (1) fuzzy number based risk assessment; (2) fuzzy rule-based risk assessment; (3) fuzzy extension of typical probabilistic risk assessment; (4) ordinal linguistic approach for risk assessment; and (5) miscellaneous applications. In addition, the role of CWW within the broad area of risk assessment is briefly characterized.
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Liu et al. (2010) studied this question.
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