Author: Galina M. Vakulina, Jr. lecturer of Further & Applied Mathematics Dept; Galina A. Timofeeva, Dr. Sc. (Physics & Mathematics), Head of Further and Applied Mathematics Dept.

Abstract: Management of investment projects usually takes place in conditions of incomplete information and risk. The investor’s task is to choose the optimal control action (the size of the investment) allowing for the information received about the implementation of previous phases of the project. The article deals with the implementation of the dynamic programming method to the systems described by the theory of fuzzy sets.

Key words: investment projects; planning; management; fuzzy logic; dynamic programming.