The applicability of Net Present Value (NPV) in an investment project is becoming more and more popular in the field of engineering economics. The classical NPV methodology involves only the precise and accurate data of the investment project. In the present communication, we give a new mathematical model for NPV which uses the concept of intuitionistic fuzzy set theory. The proposed model is b...

Defuzzification is the process of converting a fuzzy quantity to precise quantity, just as fuzzification is the conversion of a precise quantity to a fuzzy quantity. Various types of defuzzification methods, are available for conversion of fuzzy to non-fuzzy. In this paper, defuzzification functions in intuitionistic fuzzy environment such as triangular, trapezoidal, L-trapezoidal, R-trapezoida...

Intuitionistic fuzzy linguistic numbers (IFLNs) are an extension of the linguistic variables and the intuitionistic fuzzy sets, which are proposed by Wang and Li (Wang J.Q., Li J.J. (2009) The multi-criteria group decision making method based on multi-granularity intuitionistic two semantics. Science & Technology Information (33), 8-9.). In this paper, we introduced some operational laws of IFL...

In this study, we introduce the concept of denser property in fuzzy membership function used in neutrosophic sets. We present several new definitions and study their properties. Defuzzification methods over neutrosophic triangular dense xxxx fuzzy sets and neutrosophic triangular intuitionistic dense fuzzy sets are then given. Finally practical applicability of the methods have been discussed w...

In this study the intuitionistic fuzzy version of critical path method has been proposed to solve networking problems with uncertain activity durations. Intuitionistic set [1] is an extension theory [2] unlike set, it focuses on degree belonging, nonbelonging or non-membership function and hesitancy which helps decision maker adopt best among worst cases. Trapezoidal triangular numbers are util...

INTRODUCTION There have been a number of generalizations of metric spaces. One such generalization is Menger space introduced in 1942 by Menger[9] who used distribution functions instead of nonnegative real numbers as values of the metric. This space was expanded rapidly with the pioneering works of Schweizer and Sklar [11, 12]. Modifying the idea of Kramosil and Michalek [7], George and Veeram...

Interval-valued intuitionistic fuzzy number uses membership degree and non-member ship degree to express a decision-maker’s hesitation, which make decision-maker express his/her opinion in uncertainty decision-making environment easily. The comparison between some intervalvalued intuitionistic fuzzy numbers can not be undertaken because of its limitation. In application such as weak consistency...

The basic aim of this paper is to an application of triangular intuitionistic fuzzy numbers(TIFNs) to a single non-cooperative bi-matrix games. Firstly, the concept of TIFNs and their cut sets are introduced as well as the inequality relations between two TIFNs. Secondly, a bi-matrix game with payoffs of TIFNs is considered and an attempt is made to conceptualize the meaning of a Nash-equilibri...

This study is devoted to address the notion of duality in Fully Intuitionistic Fuzzy Linear Programming Problems (FIFLP). The problem is addressed by using a revised simplex method with the Gaussian elimination process in fully intuitionistic fuzzy environment. Intuitionistic Fuzzy Trapezoidal Numbers (IFTrpN), along with the basic arithmetic techniques defined on them help in solving the (FIFL...

We have presented trapezoidal intuitionistic fuzzy number. Arithmetic operations of trapezoidal intuitionistic fuzzy number is presented based on (α, β)-cuts. We have presented intuitionistic fuzzy fault tree analysis using trapezoidal intuitionistic fuzzy number. In application of intuitionistic fuzzy fault tree analysis, we have computed failure of fire protection system taking failure of eac...