search query: @author Park, C. / total: 9
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Author: | Chiu, C.-Y. Park, C. |
Title: | Capital budgeting decisions with fuzzy projects |
Journal: | Engineering Economist
1998 : WINTER, VOL. 43:2, p. 125-150 |
Index terms: | FUZZY SETS CAPITAL BUDGETING DECISION MAKING |
Language: | eng |
Abstract: | In this paper, the authors propose a capital budgeting model under uncertainty in which cash flow information is specified as a special type of fuzzy number -- triangular fuzzy numbers. They then estimate the present worth of each fuzzy project cash flow. Using the present worth criterion, they 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. |
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