An experimental study on fuzzy expert system: Proposal for financial suitability evaluation of commercial and participation banks in power plant projects in Turkey

Abstract

One of the very important and critical activities of the commercial & participation banks in Turkey is the real sectors’ project financing. The authorized Turkish banks, that are allowed to accept deposits and loan projects, should play a key role in the Turkish economy. The Turkish people should expect from them to manage this process in a very appropriate, transparent and trustworthy way by also considering their social responsibilities (not in favor of only net profit maximization objective). The most agreeable, applicable, beneficial, suitable, and useful decisions on “what to finance”, “when to finance”, “how to finance”, “in what terms to finance”, and “how long to finance” will make the whole system works, otherwise the country fails and collapses. This paper proposes an experimental fuzzy expert system to the commercial & participation banks for their power plant projects financing (loan) suitability evaluation studies in Turkey.