Making capital budgeting decisions for project abandonment by fuzzy approach

Yu Hong Liu, I. Ming Jiang, Meng I. Tsai

Research output: Chapter in Book/Report/Conference proceedingConference contribution

Abstract

This paper incorporates a fuzzy process into an abandonment option approach, to investigate the effects of managerial optimism and pessimism when a manager considers whether to abandon capital budgeting decisions or not under conditions of irreversible investment and uncertain market environment. We find that managerial optimism would encourage firms to continue the project, while managerial pessimism would encourage them to liquidate it, when the abandonment option value is located in a fuzzy sentiments region.

Original languageEnglish
Title of host publicationAdvances in Swarm Intelligence - 8th International Conference, ICSI 2017, Proceedings
EditorsBen Niu, Hideyuki Takagi, Yuhui Shi, Ying Tan
PublisherSpringer Verlag
Pages277-284
Number of pages8
ISBN (Print)9783319618326
DOIs
Publication statusPublished - 2017 Jan 1
Event8th International Conference on Swarm Intelligence, ICSI 2017 - Fukuoka, Japan
Duration: 2017 Jul 272017 Aug 1

Publication series

NameLecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)
Volume10386 LNCS
ISSN (Print)0302-9743
ISSN (Electronic)1611-3349

Other

Other8th International Conference on Swarm Intelligence, ICSI 2017
CountryJapan
CityFukuoka
Period17-07-2717-08-01

Fingerprint

Budget control
Managers
Continue
Business
Market

All Science Journal Classification (ASJC) codes

  • Theoretical Computer Science
  • Computer Science(all)

Cite this

Liu, Y. H., Jiang, I. M., & Tsai, M. I. (2017). Making capital budgeting decisions for project abandonment by fuzzy approach. In B. Niu, H. Takagi, Y. Shi, & Y. Tan (Eds.), Advances in Swarm Intelligence - 8th International Conference, ICSI 2017, Proceedings (pp. 277-284). (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 10386 LNCS). Springer Verlag. https://doi.org/10.1007/978-3-319-61833-3_29
Liu, Yu Hong ; Jiang, I. Ming ; Tsai, Meng I. / Making capital budgeting decisions for project abandonment by fuzzy approach. Advances in Swarm Intelligence - 8th International Conference, ICSI 2017, Proceedings. editor / Ben Niu ; Hideyuki Takagi ; Yuhui Shi ; Ying Tan. Springer Verlag, 2017. pp. 277-284 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)).
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Liu, YH, Jiang, IM & Tsai, MI 2017, Making capital budgeting decisions for project abandonment by fuzzy approach. in B Niu, H Takagi, Y Shi & Y Tan (eds), Advances in Swarm Intelligence - 8th International Conference, ICSI 2017, Proceedings. Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics), vol. 10386 LNCS, Springer Verlag, pp. 277-284, 8th International Conference on Swarm Intelligence, ICSI 2017, Fukuoka, Japan, 17-07-27. https://doi.org/10.1007/978-3-319-61833-3_29

Making capital budgeting decisions for project abandonment by fuzzy approach. / Liu, Yu Hong; Jiang, I. Ming; Tsai, Meng I.

Advances in Swarm Intelligence - 8th International Conference, ICSI 2017, Proceedings. ed. / Ben Niu; Hideyuki Takagi; Yuhui Shi; Ying Tan. Springer Verlag, 2017. p. 277-284 (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics); Vol. 10386 LNCS).

Research output: Chapter in Book/Report/Conference proceedingConference contribution

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Liu YH, Jiang IM, Tsai MI. Making capital budgeting decisions for project abandonment by fuzzy approach. In Niu B, Takagi H, Shi Y, Tan Y, editors, Advances in Swarm Intelligence - 8th International Conference, ICSI 2017, Proceedings. Springer Verlag. 2017. p. 277-284. (Lecture Notes in Computer Science (including subseries Lecture Notes in Artificial Intelligence and Lecture Notes in Bioinformatics)). https://doi.org/10.1007/978-3-319-61833-3_29