What is it about?
The discounting problem is one of the important aspects in investment, portfolio selection, purchasing with credit, and many other financial operations. In this paper, a discounting problem using piecewise quadratic fuzzy numbers is proposed. The implementation of piecewise quadratic fuzzy numbers is described based on such operations. Fuzzy arithmetic and interval number arithmetic are used for computation.
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Why is it important?
The close interval approximation of piecewise quadratic fuzzy numbers is used for solving the proposed discounting problem. This research article addresses the discounted investment for Year 1, Year 2, and Year 3. Additionally, the authors determine the cumulative discounted investment for different values of the parameter α ranging from 0 to 1. A discounting problem using piecewise quadratic fuzzy numbers is solved as a numerical example to illustrate the proposed procedure.
Perspectives
The advantages of the proposed model are covered by the objectivity and flexibility of the approach. This proposed approach with piecewise quadratic fuzzy numbers becomes more accurate and straightforward. The novelty of the proposed article are supported by the following implications: 1. First time, the piecewise quadratic fuzzy numbers (PQFN) are used for the determination of piecewise quadratic approximation in discounting problem. 2. Second, novelty is the finding
Dr. PAVAN KUMAR
VIT Bhopal University
Read the Original
This page is a summary of: Solving Discounting Problem Using Piece-Wise Quadratic Fuzzy Numbers, International Journal of Fuzzy System Applications, October 2021, IGI Global,
DOI: 10.4018/ijfsa.2021100101.
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