Advanced search
Start date
Betweenand
(Reference retrieved automatically from SciELO through information on FAPESP grant and its corresponding number as mentioned in the publication by the authors.)

Fuzzy Goal Programming applied to the process of capital budget in an economic environment under uncertainty

Full text
Author(s):
Aneirson Francisco da Silva [1] ; Fernando Augusto Silva Marins [2] ; Erica Ximenes Dias [3] ; Rafael de Carvalho Miranda [4]
Total Authors: 4
Affiliation:
[1] Universidade Estadual Paulista. Faculdade de Engenharia - Brasil
[2] Universidade Estadual Paulista. Faculdade de Engenharia - Brasil
[3] Universidade Estadual Paulista. Faculdade de Engenharia - Brasil
[4] Universidade Federal de Itajubá - Brasil
Total Affiliations: 4
Document type: Journal article
Source: Gestão & Produção; v. 25, n. 1, p. 148-159, 2017-08-17.
Abstract

Abstract The Goal Programming (GP) is a multi-criteria approach of Operational Research that has been used for solving complex decision problems. This paper proposes a new Fuzzy Goal Programming (FGP) model to handle the process of capital budget of companies in an economic environment under uncertainty. For performance comparison purposes, the FGP and another recently published model developed for the same purposes were applied to data from a company that was the object of the study. The modeling and optimization were made with the GAMS software - 23.6.5 and using the CPLEX solver. The results obtained from the FGP model provided higher improvements than those obtained with the alternative model, as for example: increased profitability index, reduced payback and better application of the capital available in the budget. Furthermore, the FGP model has flexibility features that allow the manager to simulate, quickly and easily obtaining results about scenarios under uncertainty. (AU)

FAPESP's process: 15/12711-4 - Fuzzy Goal Programming and Data Envelopment Analysis in the Evaluation of Management of Municipalities of the Metropolitan Region of Paraíba Valley and North Coast
Grantee:Aneirson Francisco da Silva
Support Opportunities: Regular Research Grants
FAPESP's process: 15/24560-0 - REDUCING THE SEARCH SPACE IN SIMULATION PROBLEMS WITHOUT REPLICATIONS
Grantee:Fernando Augusto Silva Marins
Support Opportunities: Regular Research Grants