@article{(Open Science Index):https://publications.waset.org/pdf/9999259, title = {Implementation of Intuitionistic Fuzzy Approach in Maximizing Net Present Value}, author = {Gaurav Kumar and Rakesh Kumar Bajaj}, country = {}, institution = {}, abstract = {The applicability of Net Present Value (NPV) in an investment project is becoming more and more popular in the field of engineering economics. The classical NPV methodology involves only the precise and accurate data of the investment project. In the present communication, we give a new mathematical model for NPV which uses the concept of intuitionistic fuzzy set theory. The proposed model is based on triangular intuitionistic fuzzy number, which may be known as Intuitionistic Fuzzy Net Present Value (IFNPV). The model has been applied to an example and the results are presented. }, journal = {International Journal of Mathematical and Computational Sciences}, volume = {8}, number = {7}, year = {2014}, pages = {1069 - 1073}, ee = {https://publications.waset.org/pdf/9999259}, url = {https://publications.waset.org/vol/91}, bibsource = {https://publications.waset.org/}, issn = {eISSN: 1307-6892}, publisher = {World Academy of Science, Engineering and Technology}, index = {Open Science Index 91, 2014}, }