Application of polygonal fuzzy numbers to the basic economic order quantity model

In this paper, we fuzzified the total cost and demand in the basic Economic Order Quantity model using the polygonal fuzzy numbers. By generalizing the signed distance defuzzification method for the polygonal fuzzy numbers, we apply this new method to the basic inventory model. Then we show that our...

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Bibliographic Details
Published inOpsearch Vol. 59; no. 2; pp. 482 - 493
Main Authors Özcan, İsmail, Aytar, Salih
Format Journal Article
LanguageEnglish
Published New Delhi Springer India 2022
Springer Nature B.V
Subjects
Business and Management
Economic models
Inventory management
Management
Mathematical models
Mathematics
Operations research
Operations Research/Decision Theory
Order quantity
Polygons
Theoretical Article
MSC 90B05
MSC 03E72
Signed distance defuzzification method
Polygonal fuzzy number
EOQ
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Summary:In this paper, we fuzzified the total cost and demand in the basic Economic Order Quantity model using the polygonal fuzzy numbers. By generalizing the signed distance defuzzification method for the polygonal fuzzy numbers, we apply this new method to the basic inventory model. Then we show that our method gives better results than triangular fuzzy model.
ISSN:0030-3887
0975-0320
DOI:10.1007/s12597-021-00529-1