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Journal of Applied Sciences
  Year: 2007 | Volume: 7 | Issue: 7 | Page No.: 1025-1029
DOI: 10.3923/jas.2007.1025.1029
Optimal Strategy for the Integrated Vendor-buyer Inventory Model with Fuzzy Annual Demand and Fuzzy Adjustable Production Rate
M.F. Yang

Abstract:
In this research we present a stylized model to find the optimal strategy for integrated vendor-buyer inventory model with fuzzy annual demand and fuzzy adjustable production rate. This model with such consideration is based on the total cost optimization under a common stock strategy. However, the supposition of known annual demand and adjustable production rate in most related publications may not be realistic. This paper proposes the triangular fuzzy number of annual demand and adjustable production rate and then employs the signed distance, to find the estimation of the common total cost in the fuzzy sense and derives the corresponding optimal buyer’s quantity consequently and the integer number of lots in which the items are delivered from the vendor to the purchaser. A numerical example is provided and the results of fuzzy and crisp models are compared.
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How to cite this article:

M.F. Yang , 2007. Optimal Strategy for the Integrated Vendor-buyer Inventory Model with Fuzzy Annual Demand and Fuzzy Adjustable Production Rate. Journal of Applied Sciences, 7: 1025-1029.

DOI: 10.3923/jas.2007.1025.1029

URL: http://scialert.net/abstract/?doi=jas.2007.1025.1029

 
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