Abstract

Abstract In this paper, a type-2 fuzzy optimization method is applied to a multi-item inventory problem. Firstly, with mean reduction methods, we discuss the expected value of type-2 fuzzy variable under common possibility distributions. According to the mean reductions of the type-2 fuzzy demands, we build a fuzzy expected stockout inventory model. Subsequently, when the demands are comonotonic type-2 fuzzy variables, we discuss the equivalent forms for the proposed model. Finally, we provide a numerical experiment to illustrate the modeling idea and the efficiency of the inventory model.

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 call

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.