CREATING A FUZZY LOGIC MULTICRITERIA ANALYSIS MODEL FOR PRIORITIZING PUBLIC INVESTMENTS USING TOTAL INVESTMENT COST, TIME SAVINGS AND ECONOMIC NET PRESENT VALUE
An important need at the level of society is represented by the desire to efficiently allocate public funds, taking into account the great existing needs. The current allocation of municipal funds is carried out, most of the time, without clear criteria. A positive example of the allocation of pub...
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| Format: | Article |
| Language: | English |
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Academica Brâncuşi
2023-10-01
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| Series: | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
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| Online Access: | https://www.utgjiu.ro/revista/ec/pdf/2023-05/09_guler.pdf |
| _version_ | 1797640852149895168 |
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| author | GULER OVIDIU - VASILE |
| author_facet | GULER OVIDIU - VASILE |
| author_sort | GULER OVIDIU - VASILE |
| collection | DOAJ |
| description | An important need at the level of society is represented by the desire to efficiently allocate public funds, taking into
account the great existing needs. The current allocation of municipal funds is carried out, most of the time, without
clear criteria. A positive example of the allocation of public funds is represented by projects financed from European
funds, because there are clear criteria for projects that are financed from non-reimbursable external sources.
Fuzzy logic models have applications in fields such as control theory or artificial intelligence. At the same time,
fuzzy logic has been implemented in electronic products such as cameras, washing machines, air conditioners or
microwave ovens.
The innovative element of this model is represented by the combination of elements of economic analysis of
investment projects and elements of modern analysis using fuzzy techniques. This multicriteria analysis with fuzzy logic
(MAFL) uses 3 criteria (total investment cost per kilometre, time savings per kilometer and economic net present value
per kilometer) extracted from the economic analysis of 3 investment projects. The selected project is P1 (Oradea – Arad
highway) according to the application of the multicriteria algorithm with fuzzy logic (MAFL) which assumes that the
selected project is the one with the maximum value in the column vector related to the projects (inference) |
| first_indexed | 2024-03-11T13:37:01Z |
| format | Article |
| id | doaj.art-1167f0e0ecd74c06881a33f287b29222 |
| institution | Directory Open Access Journal |
| issn | 1844-7007 |
| language | English |
| last_indexed | 2024-03-11T13:37:01Z |
| publishDate | 2023-10-01 |
| publisher | Academica Brâncuşi |
| record_format | Article |
| series | Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie |
| spelling | doaj.art-1167f0e0ecd74c06881a33f287b292222023-11-02T15:42:36ZengAcademica BrâncuşiAnalele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie1844-70072023-10-0157583CREATING A FUZZY LOGIC MULTICRITERIA ANALYSIS MODEL FOR PRIORITIZING PUBLIC INVESTMENTS USING TOTAL INVESTMENT COST, TIME SAVINGS AND ECONOMIC NET PRESENT VALUEGULER OVIDIU - VASILE0PHD STUDENT AT UNIVERSITY OF ORADEA, ORADEA, ROMANIAAn important need at the level of society is represented by the desire to efficiently allocate public funds, taking into account the great existing needs. The current allocation of municipal funds is carried out, most of the time, without clear criteria. A positive example of the allocation of public funds is represented by projects financed from European funds, because there are clear criteria for projects that are financed from non-reimbursable external sources. Fuzzy logic models have applications in fields such as control theory or artificial intelligence. At the same time, fuzzy logic has been implemented in electronic products such as cameras, washing machines, air conditioners or microwave ovens. The innovative element of this model is represented by the combination of elements of economic analysis of investment projects and elements of modern analysis using fuzzy techniques. This multicriteria analysis with fuzzy logic (MAFL) uses 3 criteria (total investment cost per kilometre, time savings per kilometer and economic net present value per kilometer) extracted from the economic analysis of 3 investment projects. The selected project is P1 (Oradea – Arad highway) according to the application of the multicriteria algorithm with fuzzy logic (MAFL) which assumes that the selected project is the one with the maximum value in the column vector related to the projects (inference)https://www.utgjiu.ro/revista/ec/pdf/2023-05/09_guler.pdf: modelprioritizingpublic investmentsmulticriteria analysisfuzzy logiceconomic analysisfinancial analysis |
| spellingShingle | GULER OVIDIU - VASILE CREATING A FUZZY LOGIC MULTICRITERIA ANALYSIS MODEL FOR PRIORITIZING PUBLIC INVESTMENTS USING TOTAL INVESTMENT COST, TIME SAVINGS AND ECONOMIC NET PRESENT VALUE Analele Universităţii Constantin Brâncuşi din Târgu Jiu : Seria Economie : model prioritizing public investments multicriteria analysis fuzzy logic economic analysis financial analysis |
| title | CREATING A FUZZY LOGIC MULTICRITERIA ANALYSIS MODEL FOR PRIORITIZING PUBLIC INVESTMENTS USING TOTAL INVESTMENT COST, TIME SAVINGS AND ECONOMIC NET PRESENT VALUE |
| title_full | CREATING A FUZZY LOGIC MULTICRITERIA ANALYSIS MODEL FOR PRIORITIZING PUBLIC INVESTMENTS USING TOTAL INVESTMENT COST, TIME SAVINGS AND ECONOMIC NET PRESENT VALUE |
| title_fullStr | CREATING A FUZZY LOGIC MULTICRITERIA ANALYSIS MODEL FOR PRIORITIZING PUBLIC INVESTMENTS USING TOTAL INVESTMENT COST, TIME SAVINGS AND ECONOMIC NET PRESENT VALUE |
| title_full_unstemmed | CREATING A FUZZY LOGIC MULTICRITERIA ANALYSIS MODEL FOR PRIORITIZING PUBLIC INVESTMENTS USING TOTAL INVESTMENT COST, TIME SAVINGS AND ECONOMIC NET PRESENT VALUE |
| title_short | CREATING A FUZZY LOGIC MULTICRITERIA ANALYSIS MODEL FOR PRIORITIZING PUBLIC INVESTMENTS USING TOTAL INVESTMENT COST, TIME SAVINGS AND ECONOMIC NET PRESENT VALUE |
| title_sort | creating a fuzzy logic multicriteria analysis model for prioritizing public investments using total investment cost time savings and economic net present value |
| topic | : model prioritizing public investments multicriteria analysis fuzzy logic economic analysis financial analysis |
| url | https://www.utgjiu.ro/revista/ec/pdf/2023-05/09_guler.pdf |
| work_keys_str_mv | AT gulerovidiuvasile creatingafuzzylogicmulticriteriaanalysismodelforprioritizingpublicinvestmentsusingtotalinvestmentcosttimesavingsandeconomicnetpresentvalue |