This paper presents a proposal for evaluating real options. The existing models are not widely used by corporate managers as they are formally complex, rather difficult to understand and rest on strong implicit assumptions. We propose a possible alternative by using a fuzzy expert system that...

This paper presents a new method for measuring the attractiveness of countries for FDI. A ranking is built using a fuzzy expert system whereby the function producing the final evaluation is not necessarily linear and the weights of the variables, usually defined numerically, are replaced by...

This paper presents a new method for measuring the attractiveness of countries for FDI. A ranking is built using a fuzzy expert system whereby the function producing the final evaluation is not necessarily linear and the weights of the variables, usually defined numerically, are replaced by...

This paper presents a new method for measuring the attractiveness of countries for FDI. A ranking is built using a fuzzy expert system whereby the function producing the final evaluation is not necessarily linear and the weights of the variables, usually defined numerically, are replaced by...

For treating multiple objectives decision making problems with fuzzy goals and different importance, various kinds of fuzzy goal programming (FGP) models have been developed in the past three decades. Among them, two most widely used methods are: (1) weighted FGP, where the importance of the...

This paper presents a survey of simulation and optimization modeling approaches used in reservoir systems operation problems. Optimization methods have been proved of much importance when used with simulation modeling and the two approaches when combined give the best results. The main objective...

Collapsible soils have considerable strength and stiffness in their dry natural state but settle dramatically when they become wet. This paper documents a low-cost, qualitative evaluation scheme using fuzzy set analysis to determine site collapsibility based on subjective knowledge of the...

Each problem always originates from constraints. The decision is a response to the challenges by the environment. In order to chose appropriate decision support techniques the structural complexity of the problem has to be determined. The aim of the application of knowledge based systems is to...

The paper offers an approach to support decision-making on selecting an investment project among alternative large-scaled transportation projects. This approach is based on principles of fuzzy set theory. Using this approach, we analyze the competitive projects on construction a bridge...

The question of increasing biofuels production and the development of different biofuels production technologies has become controversial. On the one hand, production of corn-based biofuels creates a ‘food/feed vs. fuel’ tradeoff condition, along with subsequent uncertainties for both...