Fuzzy Economic Order Quantity Inventory Models Without Backordering

  title={Fuzzy Economic Order Quantity Inventory Models Without Backordering},
  author={Xiaobin Wang and Wansheng Tang and Ruiqing Zhao},
  • Xiaobin Wang, Wansheng Tang, Ruiqing Zhao
  • Published 2007
  • Mathematics
  • In economic order quantity models without backordering, both the stock cost of each unit quantity and the order cost of each cycle are characterized as independent fuzzy variables rather than fuzzy numbers as in previous studies. Based on an expected value criterion or a credibility criterion, a fuzzy expected value model and a fuzzy dependent chance programming (DCP) model are constructed. The purpose of the fuzzy expected value model is to find the optimal order quantity such that the fuzzy… CONTINUE READING

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