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Published in:
2008 | OriginalPaper | Chapter
Fuzzy Replacement Analysis
Authors : Cengiz Kahraman, Murat Levent Demircan
Published in: Fuzzy Engineering Economics with Applications
Publisher: Springer Berlin Heidelberg
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In an uncertain economic decision environment, our knowledge about the defender’s remaining life and its cash flow information usually consist of a lot of vagueness. To describe a planning horizon which may be implicitly forecasted from past incomplete information, a linguistic description like ‘approximately between 8 and 10 years’ is often used. Using fuzzy equivalent uniform annual cash flow analysis, a fuzzy replacement analysis for two operating systems is handled in this chapter.