Displaying similar documents to “The internal rate of return of fuzzy cash flows.”

Fuzzy versus probabilistic benefit/cost ratio analysis for public work projects

Cengiz Kahraman (2001)

International Journal of Applied Mathematics and Computer Science

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The benefit/cost (B/C) ratio method is utilized in many government and public work projects to determine if the expected benefits provide an acceptable return on the estimated investment and costs. Many authors have studied probabilis- tic cash flows in recent years. They introduced some analytical methods which determine the probability distribution function of the net present value and in- ternal rate of return of a series of random discrete cash flows. They considered serially correlated...

Capital budgeting problems with fuzzy cash flows.

Christer Carlsson, Robert Fuller (1999)

Mathware and Soft Computing

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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...

An additive decomposition of fuzzy numbers

Dug Hun Hong (2003)

Kybernetika

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Hong and Do[4] improved Mareš[7] result about additive decomposition of fuzzy quantities concerning an equivalence relation. But there still exists an open question which is the limitation to fuzzy quantities on R (the set of real numbers) with bounded supports in the presented theory. In this paper we restrict ourselves to fuzzy numbers, which are fuzzy quantities of the real line R with convex, normalized and upper semicontinuous membership function and prove this open question. ...

T -law of large numbers for fuzzy numbers

Andrea Marková-Stupňanová (2000)

Kybernetika

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The notions of a t -norm and of a fuzzy number are recalled. The law of large numbers for fuzzy numbers is defined. The fuzzy numbers, for which the law of large numbers holds, are investigated. The case when the law of large numbers is violated is studied.

Similarity in fuzzy reasoning.

Frank Klawonn, Juan Luis Castro (1995)

Mathware and Soft Computing

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Fuzzy set theory is based on a `fuzzification' of the predicate in (element of), the concept of membership degrees is considered as fundamental. In this paper we elucidate the connection between indistinguishability modelled by fuzzy equivalence relations and fuzzy sets. We show that the indistinguishability inherent to fuzzy sets can be computed and that this indistinguishability cannot be overcome in approximate reasoning. For our investigations we generalize from the unit interval...

Fuzzy numbers, definitions and properties.

Miguel Delgado, José Luis Verdegay, M. Amparo Vila (1994)

Mathware and Soft Computing

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Two different definitions of a Fuzzy number may be found in the literature. Both fulfill Goguen's Fuzzification Principle but are different in nature because of their different starting points. The first one was introduced by Zadeh and has well suited arithmetic and algebraic properties. The second one, introduced by Gantner, Steinlage and Warren, is a good and formal representation of the concept from a topological point of view. The objective of this paper is...

The Formal Construction of Fuzzy Numbers

Adam Grabowski (2014)

Formalized Mathematics

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In this article, we continue the development of the theory of fuzzy sets [23], started with [14] with the future aim to provide the formalization of fuzzy numbers [8] in terms reflecting the current state of the Mizar Mathematical Library. Note that in order to have more usable approach in [14], we revised that article as well; some of the ideas were described in [12]. As we can actually understand fuzzy sets just as their membership functions (via the equality of membership function...

A Method to Construct an Extension of Fuzzy Information Granularity Based on Fuzzy Distance

Thien, Nguyen Van, Demetrovics, Janos, Thi, Vu Duc, Giang, Nguyen Long, Son, Nguyen Nhu (2016)

Serdica Journal of Computing

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In fuzzy granular computing, a fuzzy granular structure is the collection of fuzzy information granules and fuzzy information granularity is used to measure the granulation degree of a fuzzy granular structure. In general, the fuzzy information granularity characterizes discernibility ability among fuzzy information granules in a fuzzy granular structure. In recent years, researchers have proposed some concepts of fuzzy information granularity based on partial order relations. However,...