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Studies from Lappeenranta University of Technology Describe New Findings in Fuzzy Research (Evaluating R&D Projects as Investments by Using an...

July 7, 2014



Studies from Lappeenranta University of Technology Describe New Findings in Fuzzy Research (Evaluating R&D Projects as Investments by Using an Overall Ranking From Four New Fuzzy Similarity Measure-Based TOPSIS Variants)

By a News Reporter-Staff News Editor at Robotics & Machine Learning -- New research on Fuzzy Research is the subject of a report. According to news reporting out of Lappeenranta, Finland, by VerticalNews editors, research stated, "Research and development (R&D) project ranking as investments is a well-known problem that is made difficult by incomplete and imprecise information about future project profitability."

Our news journalists obtained a quote from the research from the Lappeenranta University of Technology, "This paper shows how profitability results of R&D project evaluation with the fuzzy pay-off method can be ranked with four new variants of fuzzy TOPSIS each using a different fuzzy similarity measure. An overall project ranking that incorporates the four new variants' rankings with three different ideal solutions totaling 12 subrankings is presented."

According to the news editors, the research concluded: "The implementation of the created methods is illustrated with a numerical example."

For more information on this research see: Evaluating R&D Projects as Investments by Using an Overall Ranking From Four New Fuzzy Similarity Measure-Based TOPSIS Variants. IEEE Transactions on Fuzzy Systems, 2014;22(3):505-515. IEEE Transactions on Fuzzy Systems can be contacted at: Ieee-Inst Electrical Electronics Engineers Inc, 445 Hoes Lane, Piscataway, NJ 08855-4141, USA. (Institute of Electrical and Electronics Engineers - www.ieee.org/; IEEE Transactions on Fuzzy Systems - ieeexplore.ieee.org/xpl/RecentIssue.jsp?punumber=91)

Our news journalists report that additional information may be obtained by contacting M. Collan, Lappeenranta Univ Technol, Sch Business, FIN-53851 Lappeenranta, Finland.

Keywords for this news article include: Europe, Finland, Lappeenranta, Fuzzy Research

Our reports deliver fact-based news of research and discoveries from around the world. Copyright 2014, NewsRx LLC


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Source: Robotics & Machine Learning


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