Intuitionistic fuzzy optimization technique for the solution of an EOQ model

@inproceedings{Chakrabortty2011IntuitionisticFO,
  title={Intuitionistic fuzzy optimization technique for the solution of an EOQ model},
  author={Susovan Chakrabortty and Madhumangal Pal and Prasun Kumar Nayak},
  year={2011}
}
A purchasing inventory model with shortages where carrying cost, shortage cost, setup cost and demand quantity are considered as fuzzy numbers. The fuzzy parameters are transformed into corresponding interval numbers and then the interval objective function has been transformed into a classical multi-objective economic ordering quantity (EOQ) problem. To minimize the interval objective function, the order relation that represent the decision maker’s preference between interval objective… CONTINUE READING
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