Title :
A Multi-item Fuzzy Economic Production Quantity Problem with Limited Storage Space
Author :
Björk, Kaj-Mikael ; Mezei, József ; Nyman, Henrik
Author_Institution :
IAMSR, Abo Akademi Univ., Turku, Finland
Abstract :
This paper extends a fruitful fuzzy EOQ (Economic Order Quantity) track of research with a multi-item model that takes storage limitation into consideration as well as a finite production rate (i.e. the products are produced to stock and not purchased). The order cycle time and the demand are allowed to be triangular fuzzy numbers. In the process industry, this is a situation that often occurs, since the production equipment typically manufactures a large amount of only one product at a time. The model is developed and solved with Lagrange multipliers. Two illustrative examples are also given.
Keywords :
industrial economics; Lagrange multipliers; fuzzy EOQ; fuzzy economic order quantity track; multi item fuzzy economic production quantity; production equipment; storage space; triangular fuzzy numbers; Economics; Green products; Industries; Optimization; Supply chains; Uncertainty;
Conference_Titel :
System Science (HICSS), 2012 45th Hawaii International Conference on
Conference_Location :
Maui, HI
Print_ISBN :
978-1-4577-1925-7
Electronic_ISBN :
1530-1605
DOI :
10.1109/HICSS.2012.70