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 language | English |
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| Title of host publication | 1998 Conference of the North American Fuzzy Information Processing Society, NAFIPS 1998 |
| Editors | Lawrence O. Hall, Jim Bezdek |
| Publisher | Institute of Electrical and Electronics Engineers Inc. |
| Pages | 77-81 |
| Number of pages | 5 |
| ISBN (Electronic) | 0780344537 |
| DOIs | |
| Publication status | Published - 1998 |
| Event | 1998 Conference of the North American Fuzzy Information Processing Society, NAFIPS 1998 - Pensacola Beach, United States Duration: 20 Aug 1998 → 21 Aug 1998 |
Publication series
| Name | Annual Conference of the North American Fuzzy Information Processing Society - NAFIPS |
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Conference
| Conference | 1998 Conference of the North American Fuzzy Information Processing Society, NAFIPS 1998 |
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| Country/Territory | United States |
| City | Pensacola Beach |
| Period | 20/08/98 → 21/08/98 |
Bibliographical note
Publisher Copyright:© 1998 IEEE.