Models for a fuzzy inventory of two replaceable merchandises without backorder based on the signed distance of fuzzy sets

Models for a fuzzy inventory of two replaceable merchandises without backorder based on the signed distance of fuzzy sets

0.00 Avg rating0 Votes
Article ID: iaor20042957
Country: Netherlands
Volume: 150
Issue: 3
Start Page Number: 601
End Page Number: 606
Publication Date: Nov 2003
Journal: European Journal of Operational Research
Authors: , ,
Keywords: fuzzy sets
Abstract:

This paper investigates the inventory problems for two mutually complementary merchandises. We first consider the merchandises in a monopoly market, and then in a perfect competitive market. With the fuzzy sets concept, we discuss how to determine the optimal ordering policy for the aforementioned inventory problem such that the total related cost is minimum. Three results are obtained and the numerical examples are provided to illustrate these results. In contrast with the previous studies that employed the extension principle and centroid method to derive the estimate of the total cost in the fuzzy sense, we show that using the decomposition principle and the signed distance can attain it easier.

Reviews

Required fields are marked *. Your email address will not be published.