Solution of Stochastic Cooperative Inventory Models by Intutionistic Fuzzy Optimization Technique
نویسنده
چکیده
Inventory management studies to minimize the average total cost per unit time and to determine the quantity of the stocked material to be ordered. In this paper the demand follows normal distributive under deterministic, stochastic and mixed environment, respectively and thus the model becomes more realistic. Expected annual cost is measured, with varying defective rate. After that the item wise multi objective models with chance-constraints for both exponential and uniform demand are taken and the results are compared numerically both in fuzzy optimization and intuitionistic fuzzy optimization techniques. Objective of this paper is to establish that intuitionistic fuzzy optimization method is better than usual fuzzy optimization technique as expected annual cost of this inventory model is more minimized in case of intuitionistic fuzzy optimization method.
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