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HYBRID ANN AND FIREWORKS ALGORITHM FOR REAL-TIME SOFTWARE RELIABILITY PREDICTION

Ivy Botchway Felix Larbi Aryeh Boniface Kayode Alese
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Fuzzy Approach to Replacement Problem with Value of Money Changes with Time

by Pranab Biswas, Surapati Pramanik
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International Journal of Computer Applications
Foundation of Computer Science (FCS), NY, USA
Volume 30 - Number 10
Year of Publication: 2011
Authors: Pranab Biswas, Surapati Pramanik
10.5120/3676-5151

Pranab Biswas, Surapati Pramanik . Fuzzy Approach to Replacement Problem with Value of Money Changes with Time. International Journal of Computer Applications. 30, 10 ( September 2011), 28-33. DOI=10.5120/3676-5151

@article{ 10.5120/3676-5151,
author = { Pranab Biswas, Surapati Pramanik },
title = { Fuzzy Approach to Replacement Problem with Value of Money Changes with Time },
journal = { International Journal of Computer Applications },
issue_date = { September 2011 },
volume = { 30 },
number = { 10 },
month = { September },
year = { 2011 },
issn = { 0975-8887 },
pages = { 28-33 },
numpages = {9},
url = { https://ijcaonline.org/archives/volume30/number10/3676-5151/ },
doi = { 10.5120/3676-5151 },
publisher = {Foundation of Computer Science (FCS), NY, USA},
address = {New York, USA}
}
%0 Journal Article
%1 2024-02-06T20:16:43.891762+05:30
%A Pranab Biswas
%A Surapati Pramanik
%T Fuzzy Approach to Replacement Problem with Value of Money Changes with Time
%J International Journal of Computer Applications
%@ 0975-8887
%V 30
%N 10
%P 28-33
%D 2011
%I Foundation of Computer Science (FCS), NY, USA
Abstract

Fuzzy set has been applied in many real applications to handle uncertainty. The aim of the paper is to study the replacement problem with uncertainty. This problem involves capital cost, scrap value or salvage value, maintenance cost or operating cost, and rate of interest having an imprecise value. Here, we assume the imprecise values as positive trapezoidal fuzzy numbers. Moreover, we consider that the value of money changes with fuzzy rate of interest due to market fluctuations. To deal with this type of problem, we first find out the present worth value of money and then determine the fuzzy annualized costs. By using Yager’s ranking method, comparison of fuzzy annualized costs is done to obtain an optimal replacement policy. Numerical example is provided to check the validity of the proposed method.

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Index Terms

Computer Science
Information Sciences

Keywords

Fuzzy sets Fuzzy replacement problem Replacement time Trapezoidal fuzzy number

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