Evaluation Of Investment Alternatives Using Present Worth Analysis With Simplified Neutrosophic Sets
Engineering economics is the method of evaluating and choosing the best alternative among many alternatives according to specified economic criteria. Investment analysis is a branch of engineering economics focuses on choosing the most profitable investment option for a company. Because of the insufficient data in investment analysis, decision makers use fuzzy logic in order to make evaluation easier. This paper develops simplified neutrosophic present worth analysis methodology in order to overcome difficulties in defining membership function. The numerical example illustrates the applications of the developed formula. The result of developed methodology is compared with classical present worth analysis and intuitionistic present worth analysis. The comparison results indicate that investment evaluation problem can be tackled by using the proposed methodology effectively.