A two-warehouse inventory model with stochastic demand, controllable lead time and fuzzy present value: a technique to deal with arbitrary fuzzy number (Q991864)
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scientific article; zbMATH DE number 5781050
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| English | A two-warehouse inventory model with stochastic demand, controllable lead time and fuzzy present value: a technique to deal with arbitrary fuzzy number |
scientific article; zbMATH DE number 5781050 |
Statements
A two-warehouse inventory model with stochastic demand, controllable lead time and fuzzy present value: a technique to deal with arbitrary fuzzy number (English)
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8 September 2010
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Summary: In this paper, a two-warehouse inventory management policy is presented for stochastic demand with controllable lead time. Three inventory models are presented with and without the change in money value which is taken into account with constant or fuzzy interest rate where impreciseness is of arbitrary nature. In all these cases, average cost functions are derived and solved using a gradient based non-linear optimisation technique (LINGO).
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inventory modelling
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lead times
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present value
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stochastic demand
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triangular-trapezoidal approximation
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two warehouse inventory management
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arbitrary fuzzy numbers
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nonlinear optimisation
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interest rates
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0.9014991521835328
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0.8671258091926575
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