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Optimal inventory policies of facilities in a supply chain system under fuzzy stochastic environment

Optimal inventory policies of facilities in a supply chain system under fuzzy stochastic environment In the present scenario, individual firms do not compete as independent entities rather as an integral part of a supply chain. Uncertainty is the major attribute in managing the supply chains. Accordingly, we develop heuristic methods to determine optimal inventory policies of facilities in a supply chain system under fuzzy stochastic environment. The total cost of the inventory system is computed using defuzzification methods. To determine an optimal policy, a numerical technique is presented and the results are analysed with the help of a numerical example. http://www.deepdyve.com/assets/images/DeepDyve-Logo-lg.png International Journal of Business Performance and Supply Chain Modelling Inderscience Publishers

Optimal inventory policies of facilities in a supply chain system under fuzzy stochastic environment

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References (13)

Publisher
Inderscience Publishers
Copyright
Copyright © Inderscience Enterprises Ltd. All rights reserved
ISSN
1758-9401
eISSN
1758-941X
DOI
10.1504/IJBPSCM.2012.048282
Publisher site
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Abstract

In the present scenario, individual firms do not compete as independent entities rather as an integral part of a supply chain. Uncertainty is the major attribute in managing the supply chains. Accordingly, we develop heuristic methods to determine optimal inventory policies of facilities in a supply chain system under fuzzy stochastic environment. The total cost of the inventory system is computed using defuzzification methods. To determine an optimal policy, a numerical technique is presented and the results are analysed with the help of a numerical example.

Journal

International Journal of Business Performance and Supply Chain Modelling – Inderscience Publishers

Published: Jan 1, 2012

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