Differentiation of Choquet integral for nonnegative measurable function and its application to capital investment decision making

2002 ◽  
Author(s):  
T. Kaino ◽  
K. Hirota
Keyword(s):  
Decision Making ◽  
Measurable Function ◽  
Capital Investment ◽  
Choquet Integral ◽  
Investment Decision ◽  
Investment Decision Making ◽  
Nonnegative Measurable Function

Composite Fuzzy Measure and its Application to Decision-Making

2004 ◽  
Vol 8 (3) ◽  
pp. 252-259
Author(s):  
Toshihiro Kaino ◽  
◽  
Kaoru Hirota ◽  
Keyword(s):  
Decision Making ◽  
Capital Investment ◽  
Choquet Integral ◽  
Investment Decision ◽  
Measurable Space ◽  
Fuzzy Measure ◽  
Fuzzy Measures ◽  
Investment Decision Making ◽  
Decision Making Problem ◽  
Fuzzy Weights

In applications using fuzzy measures (on real numbers), it becomes a problem how to evaluate in-between intervals each characterized by a fuzzy measure, especially when the Choquet integral is differentiated in real world problems. A composite fuzzy measure built from fuzzy measures defined on fuzzy measurable spaces has been proposed by Kaino and Hirota using composite fuzzy weights, where the measurable space of this composite fuzzy measure is the direct sum of measurable spaces. An associative, composite fuzzy measure built from a finite number of fuzzy measures is proposed and, in a constructive application, it is applied to the automobile plant capital investment decision-making problem. It is assumed that an automobile company plans to sell a new car. The current plant line has a capacity of 3,200 new cars in addition to current car lines. Using this composite fuzzy measure, differentiation of the Choquet integral becomes a quantitative index for decision-making, which is confirmed by this decision-making experiment.

Financial Appraisal and the IS/IT Investment Decision Making Process

1998 ◽  
Vol 13 (1) ◽  
pp. 3-14 ◽  
Author(s):  
Joan Ballantine ◽  
Stephanie Stray
Keyword(s):  
Decision Making ◽  
Information Technology ◽  
Capital Investment ◽  
Investment Decision ◽  
Decision Making Process ◽  
It Investment ◽  
It Investments ◽  
Investment Appraisal ◽  
Investment Decision Making ◽  
Financial Appraisal

This paper explores the techniques used by organizations to appraise Information Systems (IS)/Information Technology (IT) investments, and concentrates, in particular, on techniques of capital investment appraisal. We draw on relevant studies reported in both the accounting and finance, and the IS literature, which have addressed their usage. Where possible comparisons are drawn between both sets of literatures. The results of a survey that specifically examined IS/IT investment appraisal practices of a sample of UK companies is also presented. Among the issues discussed include the extent to which capital investment appraisal techniques are used to appraisal investments, the importance of the techniques used and the problems attendant on the decision making process.

scholarly journals The Role of Tax Incentives in Capital Investment and R&D Decisions

2010 ◽  
Vol 28 (2) ◽  
pp. 241-256 ◽  
Author(s):  
Francis Chittenden ◽  
Mohsen Derregia
Keyword(s):  
Decision Making ◽  
Capital Investment ◽  
Investment Decision ◽  
Investment Decisions ◽  
Tax Incentives ◽  
Business Owners ◽  
Business Plans ◽  
Investment Decision Making ◽  
Potential Benefits ◽  
The Impact

In this paper we present the results from a study of the role that tax incentives play in business owners' decisions on capital investment and research and development (R&D) expenditure. We use semistructured interviews with fifteen business owners and directors and five financial advisers to establish the extent to which tax incentives are considered in capital and R&D investment decisions, and to identify obstacles that might prevent UK capital allowances and R&D tax policies from achieving their goals. First, we investigate whether incentives are sufficient to encourage investment and whether the costs of accessing the incentives faced by similar firms limit the potential benefits of the policy. Second, we explore the stage in the process of investment decision making at which tax issues are considered and the degree of importance attached to tax incentives. For example, is the tax treatment integral to the decision-making process or only a ‘final consideration’ at the end? Third, we investigate the impact of uncertainty on the tax incentives, since this can be an important aspect of investment decisions, and may diminish the effectiveness of policy. It is not clear whether the incentives offered are effective in generating additional investment and in helping financially constrained firms. Under uncertainty the incentives need to be substantial to influence the decision to invest. Effective policy should assist firms who would otherwise struggle to realise their business plans.

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