Accession Number:

ADA083792

Title:

An Analysis of the Multiple Objective Capital Budgeting Problem via Fuzzy Linear Integer (0-1) Programming.

Descriptive Note:

Final rept.,

Corporate Author:

ARMY MILITARY PERSONNEL CENTER ALEXANDRIA VA

Personal Author(s):

Report Date:

1980-05-31

Pagination or Media Count:

154.0

Abstract:

A multiple objective fuzzy liner programming approach to the capital budgeting problem is developed. Since much of the available data in any capital budgeting decision situation is either of an imprecise or ill-defined nature, a mathematical optimization technique is required that is capable of incorporating this inherent uncertainty. Fuzzy linear programming provides an effective methodology for this analysis. Specifically, a mathematical model is developed which utilizes fuzzy linear programming as a solution technique for the research and development program or project selection problem. In addition an exchange heuristic, a modified form of C. C. Petersons exchange algorithm, is presented. A limited bibliography of works in multiple objective optimization is presented. Two computer codes are included. The first utilizes the IBM MPSXMixed Integer Programming procedures to solve the 0-1 linear integer programming problem. The second is a FORTRAN program to solve the exchange heuristic algorithm discussed previously. Author

Subject Categories:

  • Economics and Cost Analysis
  • Operations Research

Distribution Statement:

APPROVED FOR PUBLIC RELEASE