A fuzzy-logic-based approach to project selection

@article{Machcha2000AFA,
  title={A fuzzy-logic-based approach to project selection},
  author={Lilybert Machcha and Prabir Bhattacharya},
  journal={IEEE Trans. Engineering Management},
  year={2000},
  volume={47},
  pages={65-73}
}
When making decisions we need to consider the possible alternatives and then choose the optimal alternative. The uncertainty of subjective judgment is present during this selection process. Also, decision making becomes difficult when the available information is incomplete or imprecise. This kind of problem exists while selecting a project. There are also several critical factors that are involved in the selection process, including market conditions, availability of raw materials, etc. The… CONTINUE READING
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