Currency crises, customers size of wealth, a financial institutions' market risk exposure can be more effectively determined by fuzzy system models in comparison to classical models. As well we have shown that process planning in steel industry, for example, de-sulfurization process, can be improved by a more effective determination of Reagent quantities. IIC-Information Intelligence Co. - an Innovation Foundation, company, in cooperation with Knowledge/Intelligence Lab., has developed a software that can be deployed to develop such system models for prediction and decision support activities of financial institutions and process industries.

I.B. Türksen received the B.S. and M.S. degrees in Industrial Engineering and the Ph.D. degree in Systems Management and Operations Research all from the University of Pittsburgh, PA. He joined the Faculty of Applied Science and Engineering at the University of Toronto and became Full Professor in 1983. In 1984-1985 academic year, he was a Visiting Professor at the Middle East Technical University and Osaka Prefecture University. Since 1987, he has been Director of the Knowledge / Intelligence Systems Laboratory. During the 1991-1992 academic year, he was a Visiting Research Professor at LIFE, Laboratory for International Fuzzy Engineering, and the Chair of Fuzzy Theory at Tokyo Institute of Technology. During 1996 academic year, he was Visiting Research Professor at the University of South Florida and Bilkent University.

He is a member of the Editorial Boards of the following publications: Fuzzy Sets and Systems, Approximate Reasoning, Decision Support Systems, Information Sciences, Expert Systems and its Applications, Journal of Advanced Computational Intelligence, Information Technology Management, Transactions on Operational Research, Fuzzy Logic Reports and Letters, Encyclopedia of Computer Science and Technology, Failures and Lessons Learned in Information Technology. He is the co-editor of NATO-ASI Proceedings on Soft Computing and Computational Intelligence, and Editor of NATO-ASI Proceedings on Computer Integrated Manufacturing. He is a Fellow of IFSA and IEEE, and a member of IIE, CSIE, CORS, IFSA, NAFIPS, APEO, APET, TORS, ACM, etc.

He is the founding President of CSIE. He was Vice-President of IIE, General Conference Chairman for IIE International Conference, and for NAFIPS in 1990. He served as Co-Chairman of IFES'91 and Regional Chairman of World Congress on Expert Systems, WCES'91, WCES'94, WCES'96 and WCES'98, Director of NATO-ASI'87 on Computer Integrated Manufacturing and Co-Director of NATO-ASI'96 on Soft Computing and Computational Intelligence. He was General Conference Chairman for Intelligent Manufacturing Systems, IMS '98, IMS '01. He was the President during 1997- 2001 and Past President of IFSA, International Fuzzy Systems Association during 2001-2003. Currently, he is the President, CEO and CSO, of IIC, Information Intelligence Corporation. He received the outstanding paper award from NAFIPS in 1986, "L.A. Zadeh Best Paper Award" from Fuzzy Theory and Technology in 1995, "Science Award" from Middle East Technical University, and an "Honorary Doctorate" from Sakarya University. He is a Foreign Member, Academy of Modern Sciences.

His current research interests centre on the foundations of fuzzy sets and logics, measurement of membership functions with experts, extraction of membership functions with fuzzy clustering and fuzzy system modeling. His contributions include, in particular, Type 2 fuzzy knowledge representation and reasoning, fuzzy truth tables, fuzzy normal forms, T-formalism which is a modified and restricted Dempster's multi-valued mapping, and system modeling applications for intelligent manufacturing and processes, as well as for management decision support and intelligent control.