A model for optimizing enterprise’s inventory costs. A fuzzy approach

Witold Kosiński, Rafał Muniak () and Witold Konrad Kosiński ()

Operations Research and Decisions, 2013, vol. 23, issue 4, 39-54

Abstract: Applicability of a fuzzy approach to a problem originating from administrative accounting, namely to determine an economic order quantity (EOQ) in a variable competitive environment with imprecise and vague data, has been presented. For this purpose, the model of ordered fuzzy numbers developed by the first author and his two co-workers is used. The present approach generalizes the one developed within the framework of convex fuzzy numbers and stays outside the probabilistic one.

Keywords: economic order quantity; optimization problem; ordered fuzzy numbers (search for similar items in EconPapers)
Date: 2013
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Citations: View citations in EconPapers (2)

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Persistent link: https://EconPapers.repec.org/RePEc:wut:journl:v:4:y:2013:p:39-54:id:1056

DOI: 10.5277/ord130404

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