Relation to classical logic
Logics are usually systems intended to codify rules for preserving some semantic property of propositions across transformations. In classical logic, this property is “truth.” In a valid argument, the truth of the derived proposition is guaranteed if the premises are jointly true, because the application of valid steps preserves the property. However, that property doesn’t have to be that of “truth”; instead, it can be some other concept.
Multi-valued logics are intended to preserve the property of designationhood (or being designated). Since there are more than two truth values, rules of inference may be intended to preserve more than just whichever corresponds (in the relevant sense) to truth. For example, in a three-valued logic, sometimes the two greatest truth-values (when they are represented as e.g. positive integers) are designated and the rules of inference preserve these values. Precisely, a valid argument will be such that the value of the premises taken jointly will always be less than or equal to the conclusion.
For example, the preserved property could be justification, the foundational concept of intuitionistic logic. Thus, a proposition is not true or false; instead, it is justified or flawed. A key difference between justification and truth, in this case, is that the law of excluded middle doesn’t hold: a proposition that is not flawed is not necessarily justified; instead, it’s only not proven that it’s flawed. The key difference is the determinacy of the preserved property: One may prove that P is justified, that P is flawed, or be unable to prove either. A valid argument preserves justification across transformations, so a proposition derived from justified propositions is still justified. However, there are proofs in classical logic that depend upon the law of excluded middle; since that law is not usable under this scheme, there are propositions that cannot be proven that way.
— Wikipedia on Many-valued logic
2012.10.07 Sunday ACHK