Abstract
This paper examines the continuous review inventory system with imperfect items under fuzzy random lead time demand and fuzzy annual demand. A fuzzy random model under the fuzzy defective rate is developed. The optimal order quantity which minimizes the total expected cost per year is derived by employing the expectation theory and signed distance method. Moreover, the influence of the fuzzy randomness of the lead time demand and the backorder rate on the optimal order quantity and the average annual total cost is analyzed via numerical examples.
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 information and management sciences
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.
