Project Appraisal of Rail Projects Using Fuzzy Sets Theory

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Project Appraisal of Rail Projects Using Fuzzy Sets Theory. / El Cheikh, Marwa; Al Sheikh, Dana; Burrow, Michael.

In: The International Journal of Railway Technology, Vol. 2, No. 1, 2013, p. 39-62.

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@article{2e2fa205d37f45b48307d8534c85b17d,
title = "Project Appraisal of Rail Projects Using Fuzzy Sets Theory",
abstract = "There are significant uncertainties associated with the economic evaluation of infrastructure projects and as a result methods have been developed to help quantify and manage the associated risk. To address the limitations inherent in traditional methods this paper proposes a new mathematical model, based on fuzzy sets theory which can be used as a decision support tool to select the preferred investment option. Thus the developed method serves as a readily implemented sensitivity analysis tool for use in the arena of uncertain decision-making.",
keywords = "fuzzy alpha-cut, plausible range, fuzzy sets theory, fuzzy present worth, fuzzy possibility theory, fuzzy benefit-cost ratio, fuzzy future worth",
author = "{El Cheikh}, Marwa and {Al Sheikh}, Dana and Michael Burrow",
year = "2013",
doi = "10.4203/ijrt.2.1.2",
language = "English",
volume = "2",
pages = "39--62",
journal = "The International Journal of Railway Technology",
issn = "2049-5358",
number = "1",

}

RIS

TY - JOUR

T1 - Project Appraisal of Rail Projects Using Fuzzy Sets Theory

AU - El Cheikh, Marwa

AU - Al Sheikh, Dana

AU - Burrow, Michael

PY - 2013

Y1 - 2013

N2 - There are significant uncertainties associated with the economic evaluation of infrastructure projects and as a result methods have been developed to help quantify and manage the associated risk. To address the limitations inherent in traditional methods this paper proposes a new mathematical model, based on fuzzy sets theory which can be used as a decision support tool to select the preferred investment option. Thus the developed method serves as a readily implemented sensitivity analysis tool for use in the arena of uncertain decision-making.

AB - There are significant uncertainties associated with the economic evaluation of infrastructure projects and as a result methods have been developed to help quantify and manage the associated risk. To address the limitations inherent in traditional methods this paper proposes a new mathematical model, based on fuzzy sets theory which can be used as a decision support tool to select the preferred investment option. Thus the developed method serves as a readily implemented sensitivity analysis tool for use in the arena of uncertain decision-making.

KW - fuzzy alpha-cut

KW - plausible range

KW - fuzzy sets theory

KW - fuzzy present worth

KW - fuzzy possibility theory

KW - fuzzy benefit-cost ratio

KW - fuzzy future worth

U2 - 10.4203/ijrt.2.1.2

DO - 10.4203/ijrt.2.1.2

M3 - Article

VL - 2

SP - 39

EP - 62

JO - The International Journal of Railway Technology

JF - The International Journal of Railway Technology

SN - 2049-5358

IS - 1

ER -