NDLI: Order Quantity Problem for Fuzzy Market Demand

Content Provider	IEEE Xplore Digital Library
Author	Li Li Liu Jie
Copyright Year	2010
Abstract	In the real world, due to the fuzziness of market demand, shortage risks exist in inventory management. Based on the credibility theory, in this paper we propose a new measure method to deal with shortage risk for inventory through catering to managers with different risk preferences by setting a different service levels in fuzzy environment. Based on this new measure method, a new model on the order quantity constrainted by the service levels, budget funds and inventory space in the fuzzy environment is proposed and an intelligent algorithm is designed to give a general solution. One numerical example is also presented to illustrate the optimization idea and the effectiveness of the designed algorithm. Thereinafter, the article discusses the impact of cycle service level(CSL) on order quantity.
Starting Page	1453
Ending Page	1458
File Size	423505
Page Count	6
File Format	PDF
ISBN	9781424468805
e-ISBN	9781424468812
DOI	10.1109/iCECE.2010.359
Language	English
Publisher	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Publisher Date	2010-06-25
Publisher Place	China
Access Restriction	Subscribed
Rights Holder	Institute of Electrical and Electronics Engineers, Inc. (IEEE)
Subject Keyword	Algorithm design and analysis Shortage risk Credibility measure Computational modeling Supply chains Inspection Fuzzy programming Numerical models Safety Fuzzy market demand Biological cells Order quantity
Content Type	Text
Resource Type	Article

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1	Ministry of Education (GoI), Department of Higher Education	Sanctioning Authority	https://www.education.gov.in/ict-initiatives
2	Indian Institute of Technology Kharagpur	Host Institute of the Project: The host institute of the project is responsible for providing infrastructure support and hosting the project	https://www.iitkgp.ac.in
3	National Digital Library of India Office, Indian Institute of Technology Kharagpur	The administrative and infrastructural headquarters of the project	Dr. B. Sutradhar bsutra@ndl.gov.in
4	Project PI / Joint PI	Principal Investigator and Joint Principal Investigators of the project	Dr. B. Sutradhar bsutra@ndl.gov.in Prof. Saswat Chakrabarti will be added soon
5	Website/Portal (Helpdesk)	Queries regarding NDLI and its services	support@ndl.gov.in
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9	IDR Setup or Support	Queries related to establishment and support of Institutional Digital Repository (IDR) and IDR workshops	idr@ndl.gov.in

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