Fuzzy replacement analysis

Research output: Chapter in Book/Report/Conference proceedingConference contributionpeer-review

7 Citations (Scopus)

Abstract

In an uncertain economic decision environment, an expert's knowledge about the defender's remaining life and its cash flow information usually consist of a lot of vagueness instead of randomness. To describe a planning horizon which may be implicitly forecasted from past incomplete information, a linguistic description like 'approximately between 10 and 14 years' is often used. A fuzzy replacement analysis for a defender is examined in the paper. The life of the defender is given by a membership function that is an intersection of the membership functions regarding the physical impairment of the defender, its obsolescence, and external economic conditions. A fuzzy economic analysis for a replacement decision is also given.

Original languageEnglish
Title of host publication1998 Conference of the North American Fuzzy Information Processing Society, NAFIPS 1998
EditorsLawrence O. Hall, Jim Bezdek
PublisherInstitute of Electrical and Electronics Engineers Inc.
Pages77-81
Number of pages5
ISBN (Electronic)0780344537
DOIs
Publication statusPublished - 1998
Event1998 Conference of the North American Fuzzy Information Processing Society, NAFIPS 1998 - Pensacola Beach, United States
Duration: 20 Aug 199821 Aug 1998

Publication series

NameAnnual Conference of the North American Fuzzy Information Processing Society - NAFIPS

Conference

Conference1998 Conference of the North American Fuzzy Information Processing Society, NAFIPS 1998
Country/TerritoryUnited States
CityPensacola Beach
Period20/08/9821/08/98

Bibliographical note

Publisher Copyright:
© 1998 IEEE.

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