A single-period inventory model with fuzzy random variable demand

Authors:
P. Dutta;D. Chakraborty;A. R. Roy
Affiliations:
-;-;-
Venue:
Mathematical and Computer Modelling: An International Journal
Year:
2005

Citing 5
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Abstract

This paper presents a single-period inventory problem in an imprecise and uncertain mixed environment. The aim of this paper is to introduce demand as a fuzzy random variable. To determine the optimal order quantity a new methodology is developed for this model in presence of fuzzy random variable demand where the optimum is achieved using a graded mean integration representation. To illustrate the model the classical newsboy problem is considered.