Fuzzy logic v. Monte Carlo simulation

Robert Salwasser (robtsalw@pacbell.net)
Mon, 15 Dec 1997 04:28:37 +0100 (MET)

I'm beginning to research applications and software for my commercial
real estate firm to use in forecasting income and expenses, and future
yields, for the properties we manage. I have used FuziCalc to aid in my
analysis and projections (interesting program) and am thinking about
purchasing a copy of @Risk or Crystal Ball as well.

The issue that has surfaced is what is the difference between these two
approaches; the fuzzy logic (of FuziCalc) versus the Monte Carlo
simulation (used in @Risk and Crystal Ball), and how might the results
differ? (Assuming, of course, that my assumptions are the same in each
program.)

Thanks in advance for your help.