Integrals of fuzzy-number-valued functions
Fuzzy Sets and Systems
The variance and covariance of fuzzy random variables and their applications
Fuzzy Sets and Systems
Fuzzy Sets and Systems: Theory and Applications
Fuzzy Sets and Systems: Theory and Applications
Multi-item stochastic and fuzzy-stochastic inventory models under two restrictions
Computers and Operations Research
An inventory model for single-period products with reordering opportunities under fuzzy demand
Computers & Mathematics with Applications
Mathematical and Computer Modelling: An International Journal
Modelling redundancy allocation for a fuzzy random parallel-series system
Journal of Computational and Applied Mathematics
Two-stage fuzzy stochastic programming with Value-at-Risk criteria
Applied Soft Computing
Optimal pricing, lot-sizing and marketing planning in a capacitated and imperfect production system
Computers and Industrial Engineering
Journal of Mathematical Modelling and Algorithms
Multi-objective reliability-redundancy allocation problem using particle swarm optimization
Computers and Industrial Engineering
Hi-index | 0.00 |
The classical inventory control models assume that items are produced by perfectly reliable production process with a fixed set-up cost. While the reliability of the production process cannot be increased without a price, its set-up cost can be reduced with investment in flexibility improvement. In this paper, a production inventory model with flexibility and reliability (of production process) consideration is developed in an imprecise and uncertain mixed environment. The aim of this paper is to introduce demand as a fuzzy random variable in an imperfect production process. Here, the set-up cost and the reliability of the production process along with the production period are the decision variables. Due to fuzzy-randomness of the demand, expected average profit of the model is a fuzzy quantity and its graded mean integration value (GMIV) is optimized using unconstraint signomial geometric programming to determine optimal decision for the decision maker (DM). A numerical example has been considered to illustrate the model.