Intuitionistic Fuzzy Replacement Problem with Change in Money Value
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Keywords:
Intuitionistic Fuzzy Set, Triangular intuitionistic fuzzy number, intuitionistic fuzzy replacement problemAbstract
Due to lack of accuracy or fluctuation in collected data, often it is too difficult to evaluate the precise value, especially in the continuous degradation element or system. To overcome this challenge, fuzzy set theory is employed to assess the performance. In this paper, the imprecise costs of the replacement problem, whose money value changes with time are taken as Triangular Intuitionistic Fuzzy Numbers (TIFN). A method is proposed to find the optimum replacement time and the effectiveness of the same is illustrated by an example.
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