Present Worth Analysis Using Pythagorean Fuzzy Sets

Kahraman C., Çevik Onar S., Öztayşi B.

10th Conference of the European-Society-for-Fuzzy-Logic-and-Technology (EUSFLAT) / 16th International Workshop on Intuitionistic Fuzzy Sets and Generalized Nets (IWIFSGN), Warszawa, Poland, 11 - 15 September 2017, vol.642, pp.336-342 identifier identifier

  • Publication Type: Conference Paper / Full Text
  • Volume: 642
  • Doi Number: 10.1007/978-3-319-66824-6_30
  • City: Warszawa
  • Country: Poland
  • Page Numbers: pp.336-342
  • Istanbul Technical University Affiliated: Yes


One of the investment decision making techniques is present worth analysis (PWA) and it is almost the most frequently used one. Uncertain cash flows, uncertain life, and uncertain time value of money cause the usage of a fuzzy PWA. In this paper, we develop a Pythagorean fuzzy present worth analysis method to handle the fuzzy parameters of investments. Pythagorean fuzzy sets have better powerful ability than intuitionistic fuzzy sets to model the uncertainty in investment decision making problems. We present the numerical applications of the proposed PWA method.