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Fuzzy Random EOQ Models with Imperfect Quality Items

Authors: Xiao-bin Wang; Wan-sheng Tang; Feng Xue;

Fuzzy Random EOQ Models with Imperfect Quality Items

Abstract

This paper investigates the economic order quantity (EOQ) inventory problem with imperfect quality items, where the percentages of defective items and poor-quality items in each delivered lot are assumed to be random variables, and the inspection cost, holding cost, ordering cost are characterized as fuzzy variables, respectively. The fuzzy random expected value EOQ model and fuzzy random dependent chance programming (DCP) model are constructed. In addition, a particle swarm optimization (PSO) algorithm based on fuzzy random simulation is designed to solve the presented DCP model. Finally, the effectiveness of the algorithm is illustrated by a numerical example.

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selected citations
These citations are derived from selected sources.
This is an alternative to the "Influence" indicator, which also reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Citations provided by BIP!
popularity
This indicator reflects the "current" impact/attention (the "hype") of an article in the research community at large, based on the underlying citation network.
BIP!Popularity provided by BIP!
influence
This indicator reflects the overall/total impact of an article in the research community at large, based on the underlying citation network (diachronically).
BIP!Influence provided by BIP!
impulse
This indicator reflects the initial momentum of an article directly after its publication, based on the underlying citation network.
BIP!Impulse provided by BIP!
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Average
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