Fuzzy inventory problems for perishable commodities

Fuzzy inventory problems for perishable commodities

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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: ,
Keywords: fuzzy sets
Abstract:

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.

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