Abstract
Soft computing models are invaluable resources for solving addressing real-world issues. Soft computing is the process of solving difficult computer problems with imprecise yet practical results through the application of approximate computations. The method enables the resolution of issues that might be too difficult or time-consuming to handle with the technology available today. The term ‘computational intelligence’ is often used interchangeably with soft computing. This article will discuss various soft computing strategies, with a particular focus on the fuzzy logic approach. The study delves into risk management in the real world using fuzzy logic techniques across multiple fields, providing a comprehensive review and comparing performance analyses.
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