Title :
A reference framework for the application of the fuzzy set theory to the assessment of investments in advanced manufacturing technologies
Author_Institution :
Dept. of Econ. & Production, Politecnico di Milano, Italy
Abstract :
In the last decade there has been a growing interest in the assessment of investments in advanced manufacturing technologies (AMTs). Several authors have pointed out the shortcomings of traditional financial techniques, and have suggested non-conventional approaches, among which are fuzzy models. The objective of the paper is twofold: (1) to show the potentials of the fuzzy set theory for supporting the appraisal and selection of investments in AMTs, in relation to the other major approaches proposed in the literature; and (2) to suggest a reference framework for the application of some fuzzy models to the selection of investments in AMTs
Keywords :
decision theory; factory automation; fuzzy logic; fuzzy set theory; investment; management; production control; advanced manufacturing technologies; discount cash flow; fuzzy linguistics; fuzzy models; fuzzy set theory; investment selection; multiattribute decision making; reference framework; Application software; Appraisal; Computer aided manufacturing; Decision making; Flexible manufacturing systems; Fuzzy logic; Fuzzy set theory; Investments; Manufacturing processes; Production;
Conference_Titel :
Systems, Man and Cybernetics, 1995. Intelligent Systems for the 21st Century., IEEE International Conference on
Conference_Location :
Vancouver, BC
Print_ISBN :
0-7803-2559-1
DOI :
10.1109/ICSMC.1995.538220
