A fuzzy inference system for net present value analysis of construction projects

Alp Ustundag; Emre Cevikcan

doi:10.1142/9789814417747_0014

A fuzzy inference system for net present value analysis of construction projects

Alp Ustundag, Emre Cevikcan

Department of Industrial Engineering

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

1 Citation (Scopus)

Abstract

Sales forecasting has a great impact on facilitating effective and efficient management of resources for construction projects. Since, having appropriate sales prediction provides appropriate financial activities, especially for large scaled construction projects. This study proposes a numerical model for construction projects which integrates Fuzzy Rule Based System (FRBS) with Net Present Value (NPV) analysis. In the proposed hybrid model, FRBS is used for sales forecasting and provides input for NPV formulation. The proposed model is applied to a construction project in Istanbul so as to demonstrate its performance and practicality for real life problems.

Original language	English
Title of host publication	World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf.
Publisher	World Scientific Publishing Co. Pte Ltd
Pages	83-87
Number of pages	5
ISBN (Print)	9789814417730
DOIs	https://doi.org/10.1142/9789814417747_0014
Publication status	Published - 2012
Event	10th International Fuzzy Logic and Intelligent Technologies inNuclear Science Conference, FLINS 2012 - Istanbul, Turkey Duration: 26 Aug 2012 → 29 Aug 2012

Publication series

Name	World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf.
Volume	7

Conference

Conference	10th International Fuzzy Logic and Intelligent Technologies inNuclear Science Conference, FLINS 2012
Country/Territory	Turkey
City	Istanbul
Period	26/08/12 → 29/08/12

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10.1142/9789814417747_0014

Cite this

Ustundag, A., & Cevikcan, E. (2012). A fuzzy inference system for net present value analysis of construction projects. In World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf. (pp. 83-87). (World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf.; Vol. 7). World Scientific Publishing Co. Pte Ltd. https://doi.org/10.1142/9789814417747_0014

Ustundag, Alp ; Cevikcan, Emre. / A fuzzy inference system for net present value analysis of construction projects. World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf.. World Scientific Publishing Co. Pte Ltd, 2012. pp. 83-87 (World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf.).

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title = "A fuzzy inference system for net present value analysis of construction projects",

abstract = "Sales forecasting has a great impact on facilitating effective and efficient management of resources for construction projects. Since, having appropriate sales prediction provides appropriate financial activities, especially for large scaled construction projects. This study proposes a numerical model for construction projects which integrates Fuzzy Rule Based System (FRBS) with Net Present Value (NPV) analysis. In the proposed hybrid model, FRBS is used for sales forecasting and provides input for NPV formulation. The proposed model is applied to a construction project in Istanbul so as to demonstrate its performance and practicality for real life problems.",

author = "Alp Ustundag and Emre Cevikcan",

year = "2012",

doi = "10.1142/9789814417747_0014",

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series = "World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf.",

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pages = "83--87",

booktitle = "World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf.",

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note = "10th International Fuzzy Logic and Intelligent Technologies inNuclear Science Conference, FLINS 2012 ; Conference date: 26-08-2012 Through 29-08-2012",

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Ustundag, A & Cevikcan, E 2012, A fuzzy inference system for net present value analysis of construction projects. in World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf.. World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf., vol. 7, World Scientific Publishing Co. Pte Ltd, pp. 83-87, 10th International Fuzzy Logic and Intelligent Technologies inNuclear Science Conference, FLINS 2012, Istanbul, Turkey, 26/08/12. https://doi.org/10.1142/9789814417747_0014

A fuzzy inference system for net present value analysis of construction projects. / Ustundag, Alp ; Cevikcan, Emre.
World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf.. World Scientific Publishing Co. Pte Ltd, 2012. p. 83-87 (World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf.; Vol. 7).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › peer-review

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Ustundag A , Cevikcan E. A fuzzy inference system for net present value analysis of construction projects. In World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf.. World Scientific Publishing Co. Pte Ltd. 2012. p. 83-87. (World Scientific Proc. Series on Computer Engineering and Information Science 7; Uncertainty Modeling in Knowledge Engineering and Decision Making - Proceedings of the 10th International FLINS Conf.). doi: 10.1142/9789814417747_0014

A fuzzy inference system for net present value analysis of construction projects

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