Issue: 2013/Vol.23/No.4, Pages 39-54
A MODEL FOR OPTIMIZING ENTERPRISE’S INVENTORY COSTS. A FUZZY APPROACH
Witold Kosiński, Rafał Muniak
, Witold Konrad Kosiński
Cite as: W. Kosiński, R. Muniak, W. K. Kosiński. A model for optimizing enterprise’s inventory costs. A fuzzy approach. Operations Research and Decisions 2013: 23(4), 39-54. DOI 10.5277/ord130404
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
Received: 28 April 2013 Accepted: 21 December 2013