IDEAS home Printed from https://ideas.repec.org/p/hal/journl/hal-00485731.html
   My bibliography  Save this paper

Discounted cash-flows analysis: An interactive fuzzy arithmetic approach

Author

Listed:
  • Cédric Lesage

    (centre de recherche rennais en économie et en gestion - UR1 - Université de Rennes 1 - UNIV-RENNES - Université de Rennes)

Abstract

Many models used in management and economics are based on an arithmetic basis. Moreover, the imperfection of generally available information in these disciplines has led to numerous decision support systems based on fuzzy arithmetic. However, their practical use did not have success expected, because their output were generally too imperfect to help a manager with relevant information. This paper outlines a computational method for decreasing the imperfection of the output of fuzzy arithmetic models. We suggest an approach aiming at integrating into the arithmetic models fuzzy information still not taken into account: the vague knowledge of the interaction potentially existing between the two variables of an arithmetic operation (addition, subtraction, division or product). Thanks to the modelling of three standard relations, we propose a solution towards an interactive fuzzy arithmetic, which reduces the imperfection of the output to help the decision maker. We apply this approach to the choice of investment by the criterion of the Net Present Value resulting from a Discounted Cash-Flows Analysis.

Suggested Citation

  • Cédric Lesage, 2001. "Discounted cash-flows analysis: An interactive fuzzy arithmetic approach," Post-Print hal-00485731, HAL.
  • Handle: RePEc:hal:journl:hal-00485731
    DOI: 10.1051/ejess:2001115
    Note: View the original document on HAL open archive server: https://hal-hec.archives-ouvertes.fr/hal-00485731
    as

    Download full text from publisher

    To our knowledge, this item is not available for download. To find whether it is available, there are three options:
    1. Check below whether another version of this item is available online.
    2. Check on the provider's web page whether it is in fact available.
    3. Perform a search for a similarly titled item that would be available.

    Citations

    Citations are extracted by the CitEc Project, subscribe to its RSS feed for this item.
    as


    Cited by:

    1. Bocharnikov, Victor & Sveshnikov, Sergey, 2007. "Algorithm of arithmetical operations with fuzzy numerical data," MPRA Paper 17353, University Library of Munich, Germany.

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:hal:journl:hal-00485731. See general information about how to correct material in RePEc.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: (CCSD). General contact details of provider: https://hal.archives-ouvertes.fr/ .

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service hosted by the Research Division of the Federal Reserve Bank of St. Louis . RePEc uses bibliographic data supplied by the respective publishers.