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Fuzzy present value | IEEE Conference Publication | IEEE Xplore

Abstract:

Investors are constantly confronted with deciding between a multitude of different investments. The characteristics, especially the estimated return, of each alternative ...Show More

Abstract:

Investors are constantly confronted with deciding between a multitude of different investments. The characteristics, especially the estimated return, of each alternative is never precisely known. In this paper, we propose to use fuzzy present values to model this uncertainty. We extend previous work with the possibility to account for uncertain project durations, which become increasingly important for long-term projects. The results allowed a detailed assessment of the cost of hydrogen production using a thermo-chemical cycle which is still in the early phase of research. On the theoretical side, we propose a sound fuzzification over crisp domains, avoiding in particular the unsteady behaviour of existing approaches.
Date of Conference: 11-15 April 2011
Date Added to IEEE Xplore: 14 July 2011
ISBN Information:
Print ISSN: 2380-8454
Conference Location: Paris, France

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