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Interactive fuzzy numbers in the evaluation of the effectiveness of investment projects and selection of efficient portfolios

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  • Bogdan Rębiasz

Abstract

The paper presents a method for evaluating the effectiveness and risks of investment projects and the selection of efficient portfolios in a situation where parameters in the calculation of effectiveness are expressed in the form of interactive fuzzy numbers. Fuzzy model simulations are used to perform arithmetic operations on interactive fuzzy numbers. The process of selecting investment projects takes into account statistical and economic dependences between projects.

Suggested Citation

  • Bogdan Rębiasz, 2010. "Interactive fuzzy numbers in the evaluation of the effectiveness of investment projects and selection of efficient portfolios," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 20(3-4), pages 103-127.
    • Handle: RePEc:wut:journl:v:3-4:y:2010:p:103-127:id:173
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    References listed on IDEAS

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    1. Santhanam, Radhika & Kyparisis, George J., 1996. "A decision model for interdependent information system project selection," European Journal of Operational Research, Elsevier, vol. 89(2), pages 380-399, March.
    2. Medaglia, Andres L. & Graves, Samuel B. & Ringuest, Jeffrey L., 2007. "A multiobjective evolutionary approach for linearly constrained project selection under uncertainty," European Journal of Operational Research, Elsevier, vol. 179(3), pages 869-894, June.
    3. Bogdan Rębiasz, 2008. "Interactive fuzzy numbers arithmetic in financial analyses," Operations Research and Decisions, Wroclaw University of Science and Technology, Faculty of Management, vol. 18(1), pages 61-82.
    4. Kahraman, Cengiz & Tolga, Ethem & Ulukan, Ziya, 2000. "Justification of manufacturing technologies using fuzzy benefit/cost ratio analysis," International Journal of Production Economics, Elsevier, vol. 66(1), pages 45-52, June.
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