“…There are different approaches to model the epistemic uncertainty, such as interval modeling (Neumaier, 1990;Change et al, 2001), Bayesian modeling (Ang and Tang, 1975;Cheung and Beck, 2010;Tao et al, 2010;Yuen and Mu, 2011;Yuen and Katafygiotis, 2006), chaos theory (Schoefs and Yanez-Godoy, 2011), evidence theory (Dempster, 1967;Guan and Bell, 1991;Dixon and Rilett, 2002;Zavadskas and Vaidogas, 2009), and fuzzy modeling (Bandemer and Gottwald, 1995;Möller et al, 1999;Muhanna and Mullen, 1999;Zimmermann, 1992). In this article, incomplete knowledge about the distribution parameters is modeled using fuzzy numbers.…”