Intuitionistic fuzzy optimization technique for Pareto optimal solution of manufacturing inventory models with shortages

Susovan Chakrabortty, Madhumangal Pal and Prasun Kumar Nayak

European Journal of Operational Research, 2013, vol. 228, issue 2, 381-387

Abstract: This paper discusses a manufacturing 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 EPQ (economic production quantity) problem. To minimize the interval objective function, the order relation that represents the decision maker’s preference between interval objective functions has been defined by the right limit, left limit, center and half width of an interval. Finally, the transformed problem has been solved by intuitionistic fuzzy programming technique. The proposed method is illustrated with a numerical example and Pareto optimality test has been applied as well.

Keywords: Inventory; Fuzzy sets; Pareto optimal solution; Intuitionistic fuzzy optimization technique; Multi-objective programming (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (6)

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Persistent link: https://EconPapers.repec.org/RePEc:eee:ejores:v:228:y:2013:i:2:p:381-387

DOI: 10.1016/j.ejor.2013.01.046

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