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

@inproceedings{Hasuike2010SinglePeriodIM,
  title={Single-Period Inventory Models with Fuzzy Shortage Costs Dependent on Random Demands},
  author={Takashi Hasuike and Hiroaki Ishii},
  booktitle={IUM},
  year={2010}
}
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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