Article ID: | iaor20022650 |
Country: | Netherlands |
Volume: | 138 |
Issue: | 3 |
Start Page Number: | 545 |
End Page Number: | 553 |
Publication Date: | May 2002 |
Journal: | European Journal of Operational Research |
Authors: | Ishii Hiroaki, Katagiri Hideki |
Keywords: | fuzzy sets |
This paper considers an inventory control model for a single perishable product with a fuzzy shortage cost and a fuzzy outdating cost. This model is a single-period horizon model. Due to fuzziness of shortage and outdating costs, an expected profit function is represented with a fuzzy set. The purpose of this paper is to find the solution maximizing the expected profit function. After defining a nondominated ordering quantity based on fuzzy max order, we seek some of them and investigate an effect of the fuzziness on the obtained solutions.