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  • 标题:An Algorithm for Solution of an Interval Valued EOQ Model
  • 本地全文:下载
  • 作者:Susovan CHAKRABORTTY ; Madhumangal PAL ; Prasun Kumar NAYAK
  • 期刊名称:An International Journal of Optimization and Control: Theories & Applications (IJOCTA)
  • 印刷版ISSN:2146-5703
  • 出版年度:2012
  • 卷号:3
  • 期号:1
  • 页码:55-64
  • 语种:English
  • 出版社:An International Journal of Optimization and Control: Theories & Applications (IJOCTA)
  • 摘要:This paper deals with the problem of determining the economic order quantity (EOQ)in the interval sense. A purchasing inventory model with shortages and lead time, whose carryingcost, shortage cost, setup cost, demand quantity and lead time are considered as interval numbers,instead of real numbers. First, a brief survey of the existing works on comparing and ranking anytwo interval numbers on the real line is presented. A common algorithm for the optimum productionquantity (Economic lot-size) per cycle of a single product (so as to minimize the total average cost) isdeveloped which works well on interval number optimization under consideration. A numerical exampleis presented for better understanding the solution procedure. Finally a sensitive analysis of the optimalsolution with respect to the parameters of the model is examined.
  • 关键词:Inventory;Interval arithmetic;Interval valued Demand;Interval lead time;Interval valued inventory cost parameters
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