Abstract

In this paper, a multi-item classical newsboy problem is formulated, occurring both fuzziness and randomness with floor space constraint. Here, the demand is considered as a random variable in fuzzy sense and also the purchase cost, salvage value, and selling price are fuzzy numbers. Initially, a method is explained for solving such a problem by using the minimization of a FN by Buckley [Buckley, JJ (2003). Fuzzy probabilities: New approach and applications]. Then the fuzzy programming technique, [Formula: see text]-constraint, and the weighted sum methods are applied to handle the multiobjective programming problem. The basic idea for transforming the fuzzy stochastic programming problem into a deterministic equivalent has been discussed. Finally, the deterministic model is solved by the LINGO package and is illustrated numerically.

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