Investment decision making under fuzziness

Abstract

PurposeThe purpose of this paper is to discuss the applicability of investment decision‐making techniques under fuzziness.Design/methodology/approachThe paper explains how fuzzy sets can be used in investment decision making.FindingsIt was found that any classical investment analysis technique can be converted easily to a fuzzy case.Originality/valueThe paper indicates the necessity for usage of the fuzzy set theory in case of incomplete information.