Single-Period Inventory Models with Fuzzy Shortage Costs Dependent on Random Demands

  title={Single-Period Inventory Models with Fuzzy Shortage Costs Dependent on Random Demands},
  author={Takashi Hasuike and Hiroaki Ishii},
This paper considers single-period inventory models with fuzzy shortage costs dependent on discrete and continuous random demands considering the close relation between consumer’s demands and shortage costs. Since these inventory models include randomness and fuzziness, they are formulated as fuzzy random programming problems. Then, in order to deal with the uncertainty and find the optimal order quantity analytically, the solution approach is proposed using Yager’s ranking method with respect… 



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Fuzzy-set theoretic interpretation of economic order quantity

  • K. S. Park
  • Business
    IEEE Transactions on Systems, Man, and Cybernetics
  • 1987
The EOQ formula is reexamined in a fuzzy-set-theoretic perspective in view of the inherently fuzzy aspect of the cost determination.