DocumentCode :
2046410
Title :
Continuous compounding in capital budgeting using fuzzy concept
Author :
Kahraman, Cengiz ; Ulukan, Ziya
Author_Institution :
Dept. of Industrial Eng., Istanbul Tech. Univ., Turkey
Volume :
3
fYear :
1997
fDate :
1-5 Jul 1997
Firstpage :
1451
Abstract :
All the formulas of discrete compounding where payment times are restricted to be integers are valid for continuous compounding where payment times are allowed to be non-integer. Fuzzy set theory presents an alternative to having to use exact amounts for interest rates, cash amounts, and time periods. In the paper, these parameters are accepted as triangular fuzzy numbers. The fuzzy present worth and the fuzzy future worth formulations are derived for the case of continuous compounding
Keywords :
budgeting; finance; fuzzy set theory; number theory; capital budgeting; cash amounts; continuous compounding; fuzzy future worth; fuzzy present worth; fuzzy set theory; interest rates; payment times; time periods; triangular fuzzy numbers; Economic indicators; Erbium; Fuzzy set theory; Fuzzy sets; Industrial engineering; Set theory; Uncertainty;
fLanguage :
English
Publisher :
ieee
Conference_Titel :
Fuzzy Systems, 1997., Proceedings of the Sixth IEEE International Conference on
Conference_Location :
Barcelona
Print_ISBN :
0-7803-3796-4
Type :
conf
DOI :
10.1109/FUZZY.1997.619757
Filename :
619757
Link To Document :
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