Solution of Single and Multiobjective Stochastic Inventory Models with Fuzzy Cost Components by Intuitionistic Fuzzy Optimization Technique
Joint Authors
Source
Advances in Operations Research
Issue
Vol. 2010, Issue 2010 (31 Dec. 2010), pp.1-19, 19 p.
Publisher
Hindawi Publishing Corporation
Publication Date
2010-06-01
Country of Publication
Egypt
No. of Pages
19
Main Subjects
Information Technology and Computer Science
Abstract EN
Paknejad et al.'s model is considered in this paper.
Itemwise multiobjective models for both exponential and uniform lead-time demand are taken and the results are compared numerically both in fuzzy optimization and intuitionistic fuzzy optimization techniques.
Objective of this paper is to establish that intuitionistic fuzzy optimizaion method is better than usual fuzzy optimization technique as expected annual cost of this inventory model is more minimized in case of intuitionistic fuzzy optimization method.
As a single objective stochastic inventory model where the lead-time demand follows normal distribution and with varying defective rate, expected annual cost is also measured.
Finally the model considers for fuzzy cost components, which make the model more realistic, and numerical values for uniform, exponential, and normal lead-time demand are compared.
Necessary graphical presentations are also given besides numerical illustrations.
American Psychological Association (APA)
Banerjee, S.& Roy, T. K.. 2010. Solution of Single and Multiobjective Stochastic Inventory Models with Fuzzy Cost Components by Intuitionistic Fuzzy Optimization Technique. Advances in Operations Research،Vol. 2010, no. 2010, pp.1-19.
https://search.emarefa.net/detail/BIM-497052
Modern Language Association (MLA)
Banerjee, S.& Roy, T. K.. Solution of Single and Multiobjective Stochastic Inventory Models with Fuzzy Cost Components by Intuitionistic Fuzzy Optimization Technique. Advances in Operations Research No. 2010 (2010), pp.1-19.
https://search.emarefa.net/detail/BIM-497052
American Medical Association (AMA)
Banerjee, S.& Roy, T. K.. Solution of Single and Multiobjective Stochastic Inventory Models with Fuzzy Cost Components by Intuitionistic Fuzzy Optimization Technique. Advances in Operations Research. 2010. Vol. 2010, no. 2010, pp.1-19.
https://search.emarefa.net/detail/BIM-497052
Data Type
Journal Articles
Language
English
Notes
Includes bibliographical references
Record ID
BIM-497052