The Economic Order Quantity in a Fuzzy Environment for a Periodic Inventory Model with Variable Demand

The technique of limiting expenditure plays a critical part in an organization's ability to govern the smooth operation of its management system. The economic order quantity (EOQ) is calculated by solving a nonlinear problem, and the best solution is investigated in a fuzzy and intuitionistic fuzzy environment. The overall cost is made up of several factors, such as demand, holding, and ordering costs. The demand and stock-out characteristics were both fuzzified using fuzzy and intuitionistic fuzzy numbers. The numerical analysis shows the comparison between the two fuzzy numbers through sensitivity analysis.

Learning EOQ Model with Trade-Credit Financing Policy for Imperfect Quality Items under Cloudy Fuzzy Environment

An imprecise demand rate creates problems in profit optimization in business scenarios. The aim is to nullify the imprecise nature of the demand rate with the help of the cloudy fuzzy method. Traditionally, all items in an ordered lot are presumed to be of good quality. However, the delivered lot may contain some defective items, which may occur during production or maintenance. Inspection of an ordered lot is indispensable in most organizations and can be treated as a type of learning. The learning demonstration, a statistical development expressing declining cost, is necessary to achieve any cyclical process. Further, defective items are sold immediately after the screening process as a single lot at a discounted price, and the fraction of defective items follows an S-shaped learning curve. The trade-credit policy is adequate for suppliers and retailers to maximize their profit during business. In this paper, an inventory model is developed with learning and trade-credit policy under the cloudy fuzzy environment where the demand rate is treated as a cloudy fuzzy number. Finally, the retailer’s total profit is maximized with respect to order quantity. Sensitivity analysis is presented to estimate the robustness of the model.

Concept of gH Differentiability in Solving Second Order Linear Homogeneous ODEs Based on the Relation between FLT and Its kth Derivative for the Case in Fuzzy Environment

In this study, a fuzzy Laplace transform is used to solve second order linear homogeneous ordinary differential equations. The solution obtained is based on the concept of gH differentiability and the relation between the fuzzy Laplace transform and its derivative for is obtained. Examples are constructed for the existence and uniqueness of solutions of second order FODE.

TOPSIS method for spherical fuzzy MAGDM based on cumulative prospect theory and combined weights and its application to residential location

Nowadays, how to choose a comfortable and relatively satisfactory residence is one of the multiple attribute group decision making (MAGDM) issues which people are paying more and more attention. However, since the inaccuracy and fuzziness of the information are given by decision makers (DMs) in practical decision-making and psychological factors of DMs should be considered in the decision-making process, this paper presents TOPSIS approach based on cumulative prospect theory (CPT) to deal with the MAGDM issues under the spherical fuzzy environment. Furthermore, considering the objective relationship between the attributes, the combined weights are used to get attribute weights in spherical fuzzy sets (SFSs). Finally, an example of residential location is introduced to prove the validity of our proposed approach by comparing with spherical fuzzy TOPSIS(SF-TOPSIS) method and spherical fuzzy WASPAS (SF-WASPAS) method.

Picture fuzzy MABAC method based on prospect theory for multiple attribute group decision making and its application to suppliers selection

In the garment manufacturing industry, purchasing management is an important link. The materials of making clothes often need high cost. In addition, customers put forward a request in the quality of clothes. Thus, choosing an optimal supplier is an essential part of job. Reaching cooperation with an optimal supplier not only can help garment manufacturer improve the quality of clothes but also is benefit to reduce the cost of producing. Most importantly, it can improve the competitiveness of manufacture enterprises. So, it is important for managers to find an optimal supplier and make a cooperation with it. In this paper, we analysis an issue about choosing an optimal supplier during four different suppliers. With analyzing this problem, we can introduce an extended method under picture fuzzy environment to evaluate and choose an optimal supplier. In this article, we describe some basic knowledges about picture fuzzy sets (PFSs) and picture fuzzy numbers (PFNs). Then, we introduce the extension of MABAC method which is on the basis of prospect theory (PT) with picture fuzzy numbers (PF-PT-MABAC) and utilize the PF-PT-MABAC model to evaluate different suppliers to choose an optimal supplier. Finally, we compare the result of PF-PT-MABAC with the result of traditional MABAC, PFWG operators and traditional TODIM method to test the efficiency of PF-PT-MABAC model.

A Study on Cooperative Continuous Static Games without Differentiability under Fuzzy Environment

In this study, a fuzzy cooperative continuous static game (PQFCCSG) with n players having fuzzy parameters in all of the cost functions and the right- hand-side of constraints is characterized. Their fuzzy parameters are represented by piecewise quadratic fuzzy numbers. The α-pareto optimal solution concept is specified. In addition, the stability sets of the first and second kind without differentiability are conceptualized and established. An illustrated numerical example is discussed for proper understanding and interpretation of the proposed concept.