Granular fuzzy pay-off method for real option valuation

作者：

Highlights：

• A novel granular fuzzy pay-off method for real option valuation.

• Granular fuzzy pay-off method is founded on the principle of justifiable granularity.

• Interval type-2 fuzzy sets are used for better dealing with uncertainty.

摘要

•A novel granular fuzzy pay-off method for real option valuation.•Granular fuzzy pay-off method is founded on the principle of justifiable granularity.•Interval type-2 fuzzy sets are used for better dealing with uncertainty.

论文关键词：Real options,Fuzzy pay-off method,Principle of justifiable granularity,Information granules,Granular computing

论文评审过程：Received 5 February 2020, Revised 7 May 2020, Accepted 24 May 2020, Available online 4 June 2020, Version of Record 11 June 2020.

论文官网地址：https://doi.org/10.1016/j.eswa.2020.113597