A New Approach to Economic Production Quantity Problems with Fuzzy Parameters and Inventory Constraint

József Mezei; Kaj-Mikael Björk

doi:10.1007/978-3-319-08795-5_42

A New Approach to Economic Production Quantity Problems with Fuzzy Parameters and Inventory Constraint

József Mezei, Kaj-Mikael Björk

Finance, Helsinki

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review

Abstract

In this paper, we will develop a new multi-item economic production quantity model with limited storage space. This new model will then be extended to allow for fuzzy demand and solved numerically with a non-linear programming solver for two cases: in the first case the optimization problem will be defuzzified with the signed distance measure and in the second case, the storage constraint needs to be fulfilled, only to a certain degree of possibility. Both cases are solved and illustrated with an example.

Original language	English
Title of host publication	Information Processing and Management of Uncertainty in Knowledge-Based Systems - 15th International Conference, IPMU 2014, Proceedings
Number of pages	10
Place of Publication	Cham
Publisher	Springer Verlag
Publication date	01.01.2014
Edition	PART 1
Pages	406-415
ISBN (Print)	978-3-319-08794-8
ISBN (Electronic)	978-3-319-08795-5
DOIs	https://doi.org/10.1007/978-3-319-08795-5_42
Publication status	Published - 01.01.2014
MoE publication type	A4 Article in conference proceedings
Event	15th International Conference on Information Processing and Management of Uncertainty in Knowledge-based Systems, IPMU 2014 - Montpellier, France Duration: 15.07.2014 → 19.07.2014

Publication series

Name	Communications in Computer and Information Science
Number	PART 1
Volume	442 CCIS
ISSN (Print)	1865-0929

Keywords

512 Business and Management
Economic Production Quantity
Triangular fuzzy numbers
Inventory constraint
Signed distance
Chance constrained optimization

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10.1007/978-3-319-08795-5_42

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Mezei, J., & Björk, K.-M. (2014). A New Approach to Economic Production Quantity Problems with Fuzzy Parameters and Inventory Constraint. In Information Processing and Management of Uncertainty in Knowledge-Based Systems - 15th International Conference, IPMU 2014, Proceedings (PART 1 ed., pp. 406-415). (Communications in Computer and Information Science; Vol. 442 CCIS, No. PART 1). Springer Verlag. https://doi.org/10.1007/978-3-319-08795-5_42

Mezei, József ; Björk, Kaj-Mikael. / A New Approach to Economic Production Quantity Problems with Fuzzy Parameters and Inventory Constraint. Information Processing and Management of Uncertainty in Knowledge-Based Systems - 15th International Conference, IPMU 2014, Proceedings. PART 1. ed. Cham : Springer Verlag, 2014. pp. 406-415 (Communications in Computer and Information Science; PART 1).

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Mezei, J & Björk, K-M 2014, A New Approach to Economic Production Quantity Problems with Fuzzy Parameters and Inventory Constraint. in Information Processing and Management of Uncertainty in Knowledge-Based Systems - 15th International Conference, IPMU 2014, Proceedings. PART 1 edn, Communications in Computer and Information Science, no. PART 1, vol. 442 CCIS, Springer Verlag, Cham, pp. 406-415, 15th International Conference on Information Processing and Management of Uncertainty in Knowledge-based Systems, IPMU 2014, Montpellier, France, 15.07.2014. https://doi.org/10.1007/978-3-319-08795-5_42

A New Approach to Economic Production Quantity Problems with Fuzzy Parameters and Inventory Constraint. / Mezei, József; Björk, Kaj-Mikael.
Information Processing and Management of Uncertainty in Knowledge-Based Systems - 15th International Conference, IPMU 2014, Proceedings. PART 1. ed. Cham: Springer Verlag, 2014. p. 406-415 (Communications in Computer and Information Science; Vol. 442 CCIS, No. PART 1).

Research output: Chapter in Book/Report/Conference proceeding › Conference contribution › Scientific › peer-review

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Mezei J, Björk KM. A New Approach to Economic Production Quantity Problems with Fuzzy Parameters and Inventory Constraint. In Information Processing and Management of Uncertainty in Knowledge-Based Systems - 15th International Conference, IPMU 2014, Proceedings. PART 1 ed. Cham: Springer Verlag. 2014. p. 406-415. (Communications in Computer and Information Science; PART 1). doi: 10.1007/978-3-319-08795-5_42

A New Approach to Economic Production Quantity Problems with Fuzzy Parameters and Inventory Constraint

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