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The Economic Order Quantity in a Fuzzy Environment for a Periodic Inventory Model with Variable Demand
oleh: K. Kalaiarasi, MARY HENRIETTA H, M. Sumathi, A. Stanley Raj
Format: | Article |
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Diterbitkan: | College of Education, Al-Iraqia University 2022-01-01 |
Deskripsi
The technique of limiting expenditure plays a critical part in an organization's ability to govern the smooth operation of its management system. The economic order quantity (EOQ) is calculated by solving a nonlinear problem, and the best solution is investigated in a fuzzy and intuitionistic fuzzy environment. The overall cost is made up of several factors, such as demand, holding, and ordering costs. The demand and stock-out characteristics were both fuzzified using fuzzy and intuitionistic fuzzy numbers. The numerical analysis shows the comparison between the two fuzzy numbers through sensitivity analysis.