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Implementation of Intuitionistic Fuzzy Approach in Maximizing Net Present Value

Authors: Rakesh Kumar Bajaj, Gaurav Kumar

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.

Keywords: intuitionistic fuzzy set, net present value, Investment Projects

Digital Object Identifier (DOI): doi.org/10.5281/zenodo.1094701

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