FUZZY INVESTMENT DECISION MAKING USING MELLIN TRANSFORM

Uçal Sarı İ., Kahraman C.

9th International FLINS Conference on Computational Intelligence: Foundations and Applications, Emei, PEOPLES R CHINA, 2 - 04 August 2010, vol.4, pp.342-347 identifier

  • Publication Type: Conference Paper / Full Text
  • Volume: 4
  • City: Emei
  • Country: PEOPLES R CHINA
  • Page Numbers: pp.342-347
  • Istanbul Technical University Affiliated: Yes

Abstract

Warehouse locations are critical in terms of enhancing distribution network and minimizing the costs. Cost criterion of a warehouse consists of labor, land, tax and transportation costs. In this study, warehouse locations in Marmara Region of Turkey are evaluated from cost perspectives by Mellin transform on fuzzy discounted cash flow analysis and probability density functions. Fuzzy logic is used to handle the uncertainty which is occurred from imprecise cash flows and interest rates.