Journal
COMPUTERS & INDUSTRIAL ENGINEERING
Volume 54, Issue 3, Pages 666-676Publisher
PERGAMON-ELSEVIER SCIENCE LTD
DOI: 10.1016/j.cie.2007.10.002
Keywords
inventory; periodic review; fuzzy membership function; signed distance
Ask authors/readers for more resources
The purpose of this paper is to extend [Ouyang, L. Y., Chuang, B. R. (2001). A periodic review inventory-control system with variable lead time. International Journal of Information and Management Sciences, 12, 1-13] periodic review inventory model with variable lead time by considering the fuzziness of expected demand shortage and backorder rate. We fuzzify the expected shortage quantity at the end of cycle and the backorder (or lost sales) rate, and then obtain the fuzzy total expected annual cost. Using the signed distance method to defuzzify, we derive the estimate of total expected annual cost in the fuzzy sense. For the proposed model, we provide a solution procedure to find the optimal review period and optimal lead time in the fuzzy sense so that the total expected annual cost in the fuzzy sense has a minimum value. Furthermore, a numerical example is provided and the results of fuzzy and crisp models are compared. (C) 2007 Elsevier Ltd. All rights reserved.
Authors
I am an author on this paper
Click your name to claim this paper and add it to your profile.
Reviews
Recommended
No Data Available