Project selection using fuzzy linear programming model

Project selection using fuzzy linear programming model

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Article ID: iaor2014436
Volume: 19
Issue: 2
Start Page Number: 211
End Page Number: 233
Publication Date: Jan 2014
Journal: International Journal of Operational Research
Authors: , , ,
Keywords: fuzzy programming, project selection
Abstract:

In this paper, a fuzzy linear programming model is presented for selecting the proper project and obtaining budget at the end of tth period. The real world uncertainties are considered through fuzzy concepts and a linear programming model is proposed to model the uncertainty in data. The tax and depreciation are incorporated into the proposed model and the investments are considered as investment projects. The model allows considering different rate of return for each project. Finally, to illustrate the application of the proposed model, a numerical example is solved.

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