MULTI-ITEM DETERMINISTIC FUZZY INVENTORY MODEL
V. S. S. Yadavalli,
M. Jeeva and
Rajalakshmi Rajagopalan
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V. S. S. Yadavalli: Department of Industrial & Systems Engineering, University of Pretoria, 0002 Pretoria, South Africa
M. Jeeva: Department of Mathematics, Ethiraj College, Chennai, India
Rajalakshmi Rajagopalan: Department of Mathematics, Loyola College, Chennai, India
Asia-Pacific Journal of Operational Research (APJOR), 2005, vol. 22, issue 03, 287-295
Abstract:
In this note, a fuzzy inventory model with multiple items is considered. Economic order quantities (EOQs) are developed for these items. The costs involved in inventory are always assumed to be exact, otherwise called as crisp or hard, but in practice these costs are not exact or precise but vary over a range. In such cases an application of fuzzy set theory plays a vital role in obtaining the EOQ. An application of this model to manpower planning is studied with an example; sensitivity analysis is also made.
Keywords: Multi-item; EOQ; crisp; fuzzy set theory; membership functions; manpower planning (search for similar items in EconPapers)
Date: 2005
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Persistent link: https://EconPapers.repec.org/RePEc:wsi:apjorx:v:22:y:2005:i:03:n:s0217595905000637
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DOI: 10.1142/S0217595905000637
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