The Use of Fuzzy Mathematics of Finance: Risk Evaluation in Petroleum Development SPE 69556
Language: Inglés Series: Salvo Castro, Antonio Orestes de ; Publication details: Dallas, Texas Society of Petroleum Engineers 2001Online resources: Summary: In general, most capital budgeting problems deals with future and often uncertain data. To cope with this uncertainty, fuzzy sets theory has been applied to traditional deterministic approaches by replacing uncertain data with fuzzy numbers. In this paper the bases of The Fuzzy Mathematics of Finance, to model the uncertainties of data inputs is presented, providing an approach to risk analysis. The goal is to capture and quantify the qualitative information of the project coordinators using linguistics variables and model the uncertain cash flow and discount rates as triangular fuzzy numbers. An example of fuzzy cash flows and fuzzy resultant net present value (NPV) is computed from the model. Finally, a fuzzy project selection is performed by applying different dominance rules and a comprehensive numerical example is present.| Current library | Status | Barcode | |
|---|---|---|---|
| Biblioteca virtual | Not for loan | 200003139 |
In general, most capital budgeting problems deals with future and often uncertain data. To cope with this uncertainty, fuzzy sets theory has been applied to traditional deterministic approaches by replacing uncertain data with fuzzy numbers. In this paper the bases of The Fuzzy Mathematics of Finance, to model the uncertainties of data inputs is presented, providing an approach to risk analysis. The goal is to capture and quantify the qualitative information of the project coordinators using linguistics variables and model the uncertain cash flow and discount rates as triangular fuzzy numbers. An example of fuzzy cash flows and fuzzy resultant net present value (NPV) is computed from the model. Finally, a fuzzy project selection is performed by applying different dominance rules and a comprehensive numerical example is present.
