Fuzzy interactive multiobjective optimization on borrowing/lending problems

Abstract

The paper presents an application of fuzzy set theory applied to optimization problems, where there exist multiple goals. We present the fuzzy multiobjective linear programming with fuzzy parameter model for borrowing/lending problem, and the steps followed to convert it to an ordinary nonlinear programming problem, which finally is solved. An example along with its result is presented to illustrate the application of the model.