Solving a bi-objective project capital budgeting problem using a fuzzy multi-dimensional knapsack

Authors

1 Assistant Prof., Dep. of Industrial Engineering, Science and Research Branch, Islamic Azad University, Tehran, Iran

2 Assistant Prof. Dep. of Industrial Engineering, Tehran-South Branch, Islamic Azad University, Tehran, Iran

Abstract

In this paper, the researchers have proposed a multi-dimensional knapsack model for project capital budgeting problem in uncertain situation which has been modeled through fuzzy sets. The optimistic and pessimistic situations were considered and associated deterministic models were yielded. Numerical example has been supplied toillustrate the performance of proposed model. The results were promising in the sense of helping the decision makers.

Keywords