Abstract
In a very recent paper, we have established a fuzzy supplier switching model with asymmetric information and apply the variational method to solve the proposed model. In this paper, we further investigate the proposed fuzzy supplier switching model and convert it into a common optimal control problem. Then the optimal supplier switching strategy can be derived by a new method called Pontryagin’s maximum principle which is an efficient tool to deal with the optimal control problem. The optimal supplier switching strategy can be obtained without considering the inflection point of the constraint condition and the formations of distribution function and density function.
Sign-in/Register to access full text options 
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callMore From: International Journal of Machine Learning and Cybernetics
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.
