# Capital budgeting problems with fuzzy cash flows.

Christer Carlsson; Robert Fuller

Mathware and Soft Computing (1999)

- Volume: 6, Issue: 1, page 81-89
- ISSN: 1134-5632

## Access Full Article

top## Abstract

top## How to cite

topCarlsson, Christer, and Fuller, Robert. "Capital budgeting problems with fuzzy cash flows.." Mathware and Soft Computing 6.1 (1999): 81-89. <http://eudml.org/doc/39143>.

@article{Carlsson1999,

abstract = {We consider the internal rate of return (IRR) decision rule in capital budgeting problems with fuzzy cash flows. The possibility distribution of the IRR at any r ≥ 0, is defined to be the degree of possibility that the (fuzzy) net present value of the project with discount factor r equals to zero. Generalizing our earlier results on fuzzy capital budegeting problems [Car99] we show that the possibility distribution of the \{IRR\} is a highly nonlinear function which is getting more and more unbalanced by increasing imprecision in the future cash flow. However, it is stable under small changes in the membership functions of fuzzy numbers representing the lingusitic values of future cash flows.},

author = {Carlsson, Christer, Fuller, Robert},

journal = {Mathware and Soft Computing},

keywords = {Econometría; Matemática financiera; Lógica difusa; Teoría de la decisión; Control óptimo; Conjuntos difusos; internal rate of return},

language = {eng},

number = {1},

pages = {81-89},

title = {Capital budgeting problems with fuzzy cash flows.},

url = {http://eudml.org/doc/39143},

volume = {6},

year = {1999},

}

TY - JOUR

AU - Carlsson, Christer

AU - Fuller, Robert

TI - Capital budgeting problems with fuzzy cash flows.

JO - Mathware and Soft Computing

PY - 1999

VL - 6

IS - 1

SP - 81

EP - 89

AB - We consider the internal rate of return (IRR) decision rule in capital budgeting problems with fuzzy cash flows. The possibility distribution of the IRR at any r ≥ 0, is defined to be the degree of possibility that the (fuzzy) net present value of the project with discount factor r equals to zero. Generalizing our earlier results on fuzzy capital budegeting problems [Car99] we show that the possibility distribution of the {IRR} is a highly nonlinear function which is getting more and more unbalanced by increasing imprecision in the future cash flow. However, it is stable under small changes in the membership functions of fuzzy numbers representing the lingusitic values of future cash flows.

LA - eng

KW - Econometría; Matemática financiera; Lógica difusa; Teoría de la decisión; Control óptimo; Conjuntos difusos; internal rate of return

UR - http://eudml.org/doc/39143

ER -

## NotesEmbed ?

topTo embed these notes on your page include the following JavaScript code on your page where you want the notes to appear.