Extension of capital budgeting techniques using interval-valued Fermatean fuzzy sets

Sergi D., Uçal Sarı İ., Senapati T.

JOURNAL OF INTELLIGENT & FUZZY SYSTEMS, cilt.42, sa.1, ss.365-376, 2022 (SCI-Expanded) identifier identifier

  • Yayın Türü: Makale / Tam Makale
  • Cilt numarası: 42 Sayı: 1
  • Basım Tarihi: 2022
  • Doi Numarası: 10.3233/jifs-219196
  • Dergi Adı: JOURNAL OF INTELLIGENT & FUZZY SYSTEMS
  • Derginin Tarandığı İndeksler: Science Citation Index Expanded (SCI-EXPANDED), Scopus, Academic Search Premier, Aerospace Database, Applied Science & Technology Source, Business Source Elite, Business Source Premier, Communication Abstracts, Compendex, Computer & Applied Sciences, INSPEC, Metadex, zbMATH, Civil Engineering Abstracts
  • Sayfa Sayıları: ss.365-376
  • Anahtar Kelimeler: Interval-valued Fermatean fuzzy sets, fuzzy engineering economics, fuzzy net present value, fuzzy equivalent uniform annual value, fuzzy benefit cost ratio, ALTERNATIVES
  • İstanbul Teknik Üniversitesi Adresli: Evet

Özet

Capital budgeting requires dealing with high uncertainty from the unknown characteristics of cash flow, interest rate, and study period forecasts for future periods. Many fuzzy extensions of capital budgeting techniques have been proposed and used in a wide range of applications to deal with uncertainty. In this paper, a new fuzzy extension of the most used capital budgeting techniques is proposed. In this content, first interval-valued Fermatean fuzzy sets (IVFFS s) are defined, and the algebraic and aggregation operations are determined for interval-valued Fermatean fuzzy (IVFF) numbers. The formulations of IVFF net present value, IVFF equivalent uniform annual value, and IVFF benefit-cost ratio (B/C) methods are generated. To validate the proposed methods, proposed formulations are illustrated with a hypothetical example, and the results are compared with classical fuzzy capital budgeting techniques.