Multi-criteria capital budgeting using FLIP

Kahraman C., ULUKAN H. Z.

3rd International Conference on Computational Intelligence and Multimedia Applications, ICCIMA 1999, New Delhi, India, 23 - 26 September 1999, pp.426-431 identifier

  • Publication Type: Conference Paper / Full Text
  • Volume:
  • Doi Number: 10.1109/iccima.1999.798568
  • City: New Delhi
  • Country: India
  • Page Numbers: pp.426-431
  • Galatasaray University Affiliated: Yes

Abstract

© 1999 IEEE.By using fuzzy linear programming (FLIP), tolerance intervals are used for calculating the availability of capital at each point in time. The main advantage, compared to the non-fuzzy problem formulation, is the fact that the decision maker is not forced into a precise formulation for mathematical reasons. Linear membership functions which monotonically increase or decrease in the tolerance interval are used because they can be handled quite easily. A numeric example is given.