Abstract: The applicability of Net Present Value (NPV) in an
investment project is becoming more and more popular in the field
of engineering economics. The classical NPV methodology involves
only the precise and accurate data of the investment project. In the
present communication, we give a new mathematical model for NPV
which uses the concept of intuitionistic fuzzy set theory. The proposed
model is based on triangular intuitionistic fuzzy number, which may
be known as Intuitionistic Fuzzy Net Present Value (IFNPV). The
model has been applied to an example and the results are presented.
Abstract: In the present paper, we analyze the vague reliability of k-out-of-n : G system (particularly, series and parallel system) with independent and non-identically distributed components, where the reliability of the components are unknown. The reliability of each component has been estimated using statistical confidence interval approach. Then we converted these statistical confidence interval into triangular intuitionistic fuzzy numbers. Based on these triangular intuitionistic fuzzy numbers, the reliability of the k-out-of-n : G system has been calculated. Further, in order to implement the proposed methodology and to analyze the results of k-out-of-n : G system, a numerical example has been provided.
Abstract: In general fuzzy sets are used to analyze the fuzzy
system reliability. Here intuitionistic fuzzy set theory for analyzing
the fuzzy system reliability has been used. To analyze the fuzzy
system reliability, the reliability of each component of the system as
a triangular intuitionistic fuzzy number is considered. Triangular
intuitionistic fuzzy number and their arithmetic operations are
introduced. Expressions for computing the fuzzy reliability of a
series system and a parallel system following triangular intuitionistic
fuzzy numbers have been described. Here an imprecise reliability
model of an electric network model of dark room is taken. To
compute the imprecise reliability of the above said system, reliability
of each component of the systems is represented by triangular
intuitionistic fuzzy numbers. Respective numerical example is
presented.