| Article ID: | iaor20071079 |
| Country: | Singapore |
| Volume: | 22 |
| Issue: | 3 |
| Start Page Number: | 287 |
| End Page Number: | 295 |
| Publication Date: | Sep 2005 |
| Journal: | Asia-Pacific Journal of Operational Research |
| Authors: | Yadavalli V.S.S., Jeeva M., Rajagopalan Rajalakshmi |
| Keywords: | personnel & manpower planning, fuzzy sets |
In this note, a fuzzy inventory model with multiple items is considered. Economic order quantities (EOQs) are developed for these items. The costs involved in inventory are always assumed to be exact, otherwise called as crisp or hard, but in practice these costs are not exact or precise but vary over a range. In such cases an application of fuzzy set theory plays a vital role in obtaining the EOQ. An application of this model to manpower planning is studied with an example; sensitivity analysis is also made.