Capital budgeting is concerned with maximizing the total net profit subject to budget constraints by selecting an appropriate combination of projects. This paper presents chance maximizing models for capital budgeting...Capital budgeting is concerned with maximizing the total net profit subject to budget constraints by selecting an appropriate combination of projects. This paper presents chance maximizing models for capital budgeting with fuzzy input data and multiple conflicting objectives. When the decision maker sets a prospective profit level and wants to maximize the chances of the total profit achieving the prospective profit level, a fuzzy dependent-chance programming model, a fuzzy multi-objective dependent-chance programming model, and a fuzzy goal dependent-chance programming model are used to formulate the fuzzy capital budgeting problem. A fuzzy simulation based genetic algorithm is used to solve these models. Numerical examples are provided to illustrate the effectiveness of the simulation-based genetic algorithm and the potential applications of these models.展开更多
The application of possibility theory to maintenance policies is proposed in this paper. The lifetime of a component is modeled as a fuzzy variable. Two types of replacement policies-block replacement and age replace...The application of possibility theory to maintenance policies is proposed in this paper. The lifetime of a component is modeled as a fuzzy variable. Two types of replacement policies-block replacement and age replacement with fuzzy lifetimes are investigated. The theorems show that the long-run average fuzzy reward per unit time in both policies is just the expected cost per unit of time. In order to solve the proposed models, a hybrid intelligent algorithm is employed. Finally, numerical examples are provided for the sake of illustration.展开更多
基金the National Natural Science Foundation of China (No. 70601034)
文摘Capital budgeting is concerned with maximizing the total net profit subject to budget constraints by selecting an appropriate combination of projects. This paper presents chance maximizing models for capital budgeting with fuzzy input data and multiple conflicting objectives. When the decision maker sets a prospective profit level and wants to maximize the chances of the total profit achieving the prospective profit level, a fuzzy dependent-chance programming model, a fuzzy multi-objective dependent-chance programming model, and a fuzzy goal dependent-chance programming model are used to formulate the fuzzy capital budgeting problem. A fuzzy simulation based genetic algorithm is used to solve these models. Numerical examples are provided to illustrate the effectiveness of the simulation-based genetic algorithm and the potential applications of these models.
基金Supported by the National Natural Science Foundationof China( No. 6 980 40 0 6 ) and the Sino- French JointL aboratory for Research in Com puter Science,Controland Applied Mathem atics ( L IAMA)
文摘The application of possibility theory to maintenance policies is proposed in this paper. The lifetime of a component is modeled as a fuzzy variable. Two types of replacement policies-block replacement and age replacement with fuzzy lifetimes are investigated. The theorems show that the long-run average fuzzy reward per unit time in both policies is just the expected cost per unit of time. In order to solve the proposed models, a hybrid intelligent algorithm is employed. Finally, numerical examples are provided for the sake of illustration.
