Fuzzy Capital Rationing Models


Baş E. , Kahraman C.

FUZZY ENGINEERING ECONOMICS WITH APPLICATIONS, vol.233, pp.359-380, 2008 (Refereed Journals of Other Institutions) identifier

  • Publication Type: Article / Article
  • Volume: 233
  • Publication Date: 2008
  • Title of Journal : FUZZY ENGINEERING ECONOMICS WITH APPLICATIONS
  • Page Numbers: pp.359-380

Abstract

Addressing uncertainty in Lorie-Savage and Weingartner capital rationing models has been considered in the literature with different approaches. Stochastic and robust approach to Weingartner capital rationing problem are examples of non-fuzzy approaches. In this chapter, we provide examples of fuzzy approach to Lorie-Savage problem, and illustrate the models with numerical examples. The solution of the generic models requires evolutionary algorithms; however for the models with triangular or trapezoidal fuzzy numbers, branch-and-bound method has been suggested to be sufficient.