Institute for Systems Studies & Analyses, Delhi–110 054.
Fuzzy set theory offers a possibility of handling the data and information involving the subjective characteristics of human nature in decision-making process, which is mostly true in the real-world. This paper presents a fuzzy decision theory method to evaluate the potential of project proposals submitted for final approval of corporate decision makers in any research and development organisation.
DATE, fuzzy set, linguistic variables, national resource index, system realisability index