Fuzzy inventory problems for perishable commodities |
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Institution: | 1. Department of Supply Chain Management and Management Science, University of Cologne, D-50923 Cologne, Germany;2. Department of Management Science, Lancaster University, Lancaster, United Kingdom |
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Abstract: | This paper considers an inventory control model for a single perishable product with a fuzzy shortage cost and a fuzzy outdating cost. This model is a single-period horizon model. Due to fuzziness of shortage and outdating costs, an expected profit function is represented with a fuzzy set. The purpose of this paper is to find the solution maximizing the expected profit function. After defining a nondominated ordering quantity based on fuzzy max order, we seek some of them and investigate an effect of the fuzziness on the obtained solutions. |
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