Capital budgeting decisions with fuzzy projects.: An article from: Engineering Economist

This digital document is an article from Engineering Economist, published by Institute of Industrial Engineers, Inc. (IIE) on January 1, 1998. The length of the article is 7403 words. The page length shown above is based on a typical 300-word page. The article is delivered in HTML format and is available in your Amazon.com Digital Locker immediately after purchase. You can view it with any web browser.

From the author: In this paper, we propose a capital budgeting model under uncertainty in which cash flow information is specified as a special type of fuzzy number - triangular fuzzy numbers. We then estimate the present worth of each fuzzy project cash flow. Using the present worth criterion, we propose a new project dominance method to determine the preference of fuzzy projects. To select fuzzy projects under limited capital budget, a branch and bound procedure is suggested. To illustrate the procedure, we give a numerical example and compare and analyze the results of the capital rationing problem using the proposed dominance method and two other conventional dominance methods.

Citation Details
Title: Capital budgeting decisions with fuzzy projects.
Author: Chui-Yu Chiu
Publication:Engineering Economist (Refereed)
Date: January 1, 1998
Publisher: Institute of Industrial Engineers, Inc. (IIE)
Volume: v43 Issue: n2 Page: p125(26)

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