search query: @indexterm CAPITAL INVESTMENT / total: 460
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Author: | Gogus, O. Boucher, T. |
Title: | Fuzzy NCIC |
Journal: | Engineering Economist
1998 : SPRING, VOL. 43:3, p. 203-246 |
Index terms: | ENGINEERING INDUSTRY CAPITAL INVESTMENT ECONOMICS |
Language: | eng |
Abstract: | There is a great deal of interest in the use of multicriteria decision making models in the evaluation of capital investment projects. These models allow the user to bring difficult-to-quantify criteria into investment decision. One example of this type is the nontraditional capital investment criteria (NCIC) method. In this paper the authors extend this method to include imprecision in the evaluation of the importance of criteria. This is done using fuzzy sets, either as triangular fuzzy numbers or as linguistic variables. |
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