Fuzzy benefit/cost analysis and applications

Cengiz Kahraman*, Ihsan Kaya

*Corresponding author for this work

Research output: Chapter in Book/Report/Conference proceedingChapterpeer-review

5 Citations (Scopus)

Abstract

Benefit-cost analysis is a systematic evaluation of the economic advantages (benefits) and disadvantages (costs) of a set of investment alternatives. The objective of a benefit-cost analysis is to translate the effects of an investment into monetary terms and to account for the fact that benefits generally accrue over a long period of time while capital costs are incurred primarily in the initial years. In this chapter, benefit cost ratio (BCR) analysis is analyzed under fuzzy environment. Fuzzy continuous payments and fuzzy discrete payments are summarized briefly and two applications are illustrated.

Original languageEnglish
Title of host publicationFuzzy Engineering Economics with Applications
EditorsCengiz Kahraman
Pages129-143
Number of pages15
DOIs
Publication statusPublished - 2008

Publication series

NameStudies in Fuzziness and Soft Computing
Volume233
ISSN (Print)1434-9922

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