| Article ID: | iaor20062690 |
| Country: | Spain |
| Volume: | 9 |
| Issue: | 2 |
| Start Page Number: | 49 |
| End Page Number: | 73 |
| Publication Date: | Nov 2004 |
| Journal: | Fuzzy Economic Review |
| Authors: | Schjr-Jacobsen Hans |
| Keywords: | fuzzy sets |
Representation and modeling of economic uncertainty is addressed by different modeling methods, namely stochastic variables and probabilities (including Monte Carlo simulation), interval analysis, and fuzzy numbers, in particular triple and quadruple estimates. Focusing on discounted cash flow analysis numerical results are presented, comparisons are made between alternative modeling methods, and characteristics of the methods are discussed.