DocumentCode
1533682
Title
Fuzzy-set theoretic interpretation of economic order quantity
Author
Park, K.S.
Author_Institution
Dept. of Ind. Eng., Korea Adv. Inst. of Sci., Seoul, South Korea
Volume
17
Issue
6
fYear
1987
Firstpage
1082
Lastpage
1084
Abstract
Although the economic order quantity (EOQ) formula is probably one of the most famous formulas in the industrial management field, the composition and estimation of the cost parameters have always been vague and imprecise at best. In view of the inherently fuzzy aspect of the cost determination, the EOQ formula is reexamined in a fuzzy-set-theoretic perspective. An introduction to fuzzy systems theory is also provided.
Keywords
fuzzy set theory; stock control; composition; cost determination; cost parameters; economic order quantity; estimation; fuzzy set theory; industrial management;
fLanguage
English
Journal_Title
Systems, Man and Cybernetics, IEEE Transactions on
Publisher
ieee
ISSN
0018-9472
Type
jour
DOI
10.1109/TSMC.1987.6499320
Filename
6499320
Link To Document