TY - GEN
T1 - A fuzzy inference system for net present value analysis of construction projects
AU - Ustundag, Alp
AU - Cevikcan, Emre
PY - 2012
Y1 - 2012
N2 - 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.
AB - 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.
UR - http://www.scopus.com/inward/record.url?scp=84892663976&partnerID=8YFLogxK
U2 - 10.1142/9789814417747_0014
DO - 10.1142/9789814417747_0014
M3 - Conference contribution
AN - SCOPUS:84892663976
SN - 9789814417730
T3 - 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.
SP - 83
EP - 87
BT - 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.
PB - World Scientific Publishing Co. Pte Ltd
T2 - 10th International Fuzzy Logic and Intelligent Technologies inNuclear Science Conference, FLINS 2012
Y2 - 26 August 2012 through 29 August 2012
ER -