Up to now, many inventory models have been considered in the literature. Some assume stochastic demands and others consider the deterministic case. Though they include a shortage cost due to lost sales, it is usually assumed to be known concretely and a priori. This paper introduces fuzziness of sho
Some inventory problems with fuzzy shortage cost
โ Scribed by Hideki Katagiri; Hiroaki Ishii
- Publisher
- Elsevier Science
- Year
- 2000
- Tongue
- English
- Weight
- 113 KB
- Volume
- 111
- Category
- Article
- ISSN
- 0165-0114
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โฆ Synopsis
This paper investigates an allocation problem of perishable commodities with fuzzy shortage cost based on LIFO issuing policy. Under the rotation allocation policy, commodities are distributed from a regional center to n locations in the region. Costs are charged at each location for every unit short, outdated and transported. But the unit shortage cost is considered to be ambiguous and so estimated as an L fuzzy number. The purpose of this paper is to clarify the di erence between optimal solution of nonfuzzy shortage cost case and that of the fuzzy shortage cost case. Furthermore, possibilities of inventory problems with other fuzzy costs are discussed.
๐ SIMILAR VOLUMES
In this paper we consider a periodic review inventory problem with stochastic demand. The deviations from ideal order and inventory levels are penalized using a quadratic cost structure which includes a "cost-free" interval. If the order quantity or the inventory level is within the desired "cost-fr