Abstract
All the formulas of discrete compounding where payment times are restricted to be integers are valid for continuous compounding where payment times are allowed to be non-integer. Fuzzy set theory presents an alternative to having to use exact amounts for interest rates, cash amounts, and time periods. In the paper, these parameters are accepted as triangular fuzzy numbers. The fuzzy present worth and the fuzzy future worth formulations are derived for the case of continuous compounding.
| Original language | English |
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| Pages | 1451-1455 |
| Number of pages | 5 |
| Publication status | Published - 1997 |
| Event | Proceedings of the 1997 6th IEEE International Conference on Fussy Systems, FUZZ-IEEE'97. Part 1 (of 3) - Barcelona, Spain Duration: 1 Jul 1997 → 5 Jul 1997 |
Conference
| Conference | Proceedings of the 1997 6th IEEE International Conference on Fussy Systems, FUZZ-IEEE'97. Part 1 (of 3) |
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| City | Barcelona, Spain |
| Period | 1/07/97 → 5/07/97 |