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Credibility-based chance-constrained integer programming models for capital budgeting with fuzzy parameters. (English) Zbl 1149.91315

Summary: We discuss a problem of capital budgeting in a fuzzy environment. Two types of models are proposed using credibility to measure confidence level. Since the proposed optimization problems are difficult to solve by traditional methods, a fuzzy simulation-based genetic algorithm is applied. Two numerical experiments demonstrate the effectiveness of the proposed algorithm.

MSC:

91B28 Finance etc. (MSC2000)
90C70 Fuzzy and other nonstochastic uncertainty mathematical programming

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