The fuzzy mathematics of finance
type: Item
instance of: scholarly article
title: The fuzzy mathematics of finance
zbMATH Open document ID: 0613.90017
DOI: 10.1016/0165-0114(87)90128-X
published in: Fuzzy Sets and Systems
publication date: 1987-01-01T00:00:00Z
review text: The author proposes an alternative... to using exact numbers for interest rates, cash amounts, and time periods in elementary financial calculations. The alternative is to use fuzzy numbers for interest rates and cash amounts and a positive discrete fuzzy set for the duration of an investment. The author discusses the future value, the present value of fuzzy cash amounts using a fuzzy interest rate. He shows that the popular internal rate of return procedure does not generalize to fuzzy net cash flows.
Mathematics Subject Classification ID: 91G80
Mathematics Subject Classification ID: 03E72
zbMATH DE Number: 3993250
zbMATH Keywords: fuzzy numbers for interest rates
author: James J. Buckley
reviewed by: Marian Matłoka
MaRDI profile type: Publication
cites work: Ranking alternatives using fuzzy numbers
cites work: Fuzzy sets and systems. Theory and applications
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description: scientific article; zbMATH DE number 3993250