Abstract
We want to find the optimal strategy for the integrated vendor-buyer inventory system by setting the model to analysis the profit function be the win-win strategy between vendor and buyer. In the real world, the market is much uncertain because of many dynamic factors. We can’t determine the real relation using crisp value between market demand and retail price of product in complex business. The retail price of product will affect the demand of customers. Furthermore, in order to solve this problem, we will use the fuzzy theory to develop the model and wish to simulate the value of approximate relation between market demand and retail price of product in reality. We employ the signed distance, method for fuzzy numbers, in the retail price to estimate of total profit per unit time in the fuzzy model. Numerical examples are included to illustrate the procedures of the algorithms in order to see if corresponding to the optimal number of profit.
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 callDisclaimer: 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.
