An Integrated Fuzzy Goal Programming—Theory of Constraints Model for Production Planning and Optimization

Manufacturing companies are under constant pressure to optimize the economic sustainability of their production systems. Production planning and optimization is a well-established strategy for considering resource constraints and improving economic productivity. This study proposes an integrated fuzzy goal planning and the theory of constraints for production planning and optimization. To this end, a hybrid Delphi–Buckley method was used to identify the relevant goals and a paired matrix questionnaire was used to determine the fuzzy weights of the goals. Furthermore, a fuzzy bottleneck detection algorithm was used to deal with the bottlenecks. A case study in the cable industry is presented to demonstrate the applicability and exhibit the efficiency of the proposed model. The results indicate that production planning in the cable industry could experience less deviation, almost 11% less, from the goals by applying the fuzzy goal programming under the theory of constraints, compared to the traditional method or crisp-goal programming.

Study Of Fuzzy Goal Programming Model To Production Planning Problems Approach

The production planning system can provide satisfaction to the manufacture with the desire target and also with the available raw materials. In achieving the target of goals also face a situation of uncertainty (fuzzy). The aims of this study is proposed the model of fuzzy goal programming approach to optimize production planning system. In this model obtaining maximizing profit and revenue with consider minimize costs of labor cost, raw materials cost, time machine production, and also inventory cost. The numerical example is illustrate that the fuzzy goal programming model can optimize optimize production and profit according desired of decision maker.

Maritime Supply Chain Optimization by Using Fuzzy Goal Programming

Fuzzy goal programming has important applications in many areas of supply chain, logistics, transportation and shipping business. Business management has complications, and there exist many interactions between the factors of its components. The locomotive of world trade is maritime transport and approximately 90% of the products in the world are transported by sea. Optimization of maritime operations is a challenge in order to provide technical, operational and financial benefits. Fuzzy goal programming models attract interests of many scholars, therefore the objective of this paper is to investigate the problem of minimization of total cost and minimization of loss or damage of containers returned from destination port. There are various types of fuzzy goal programming problems based on models and solution methods. This paper employs fuzzy goal programming with triangular fuzzy numbers, membership functions, constraints, assumptions as well as the variables and parameters for optimizing the solution of the model problem. The proposed model presents the mathematical algorithm, and reveals the optimal solution according to satisfaction rank from 0 to 1. Providing a theoretical background, this study offers novel ideas to researchers, decision makers and authorities.

Solving multi-level multiobjective fractional programming problem with rough interval parameter under neutrosophic environment

In this study, a novel algorithm is developed to solve the multi-level multiobjective fractional programming problems, using the idea of a neutrosophic fuzzy set. The co-efficients in each objective functions is assumed to be rough intervals. Furthermore, the objective functions are transformed into two sub-problems based on lower and upper approximation intervals. The marginal evaluation of pre-determined neutrosophic fuzzy goals for all objective functions at each level is achieved by different membership functions, such as truth, indeterminacy/neutral, and falsity degrees in neutrosophic uncertainty. In addition, the neutrosophic fuzzy goal programming algorithm is proposed to attain the highest degrees of each marginal evaluation goals by reducing their deviational variables and consequently obtain the optimal solution for all the decision-makers at all levels. To verify and validate the proposed neutrosophic fuzzy goal programming techniques, a numerical example is adressed in a hierarchical decision-making environment along with the conclusions.

Flexible Fuzzy Goal Programming Approach in Optimal Mix of Power Generation for Socio-Economic Sustainability: A Case Study

The demand for cost-efficient and clean power energy cannot be overemphasised, especially in a developing nation like India. COVID-19 has adversely affected many nations, power sector inclusive, and resiliency is imperative via flexible and sustainable power generation sources. Renewable energy sources are the primary focus of electricity production in the world. This study examined and assessed the optimal cost system of electricity generation for the socio-economic sustainability of India. A sustainable and flexible electricity generation model is developed using the concept of flexible fuzzy goal programming. This study is carried out with the aim of achieving the government’s intended nationally determined contribution goals of reducing emission levels, increasing the capacity of renewable sources and the must-run status of hydro and nuclear, and technical and financial parameters. The result shows an optimal cost solution and flexibility in how increased electricity demand would be achieved and sustained via shifting to renewable sources such as solar, wind and hydro.

Fuzzy Portfolio Selection in COVID-19 Spreading Period Using Fuzzy Goal Programming Model

While the international lockdown for the COVID-19 pandemic has greatly influenced the global economy, we are still confronted with the dilemma about the economy recession when the stock market hits record highs repeatedly. As we know, since portfolio selection is often affected by many non-probabilistic factors, it is of not easiness to obtain the precise probability distributions of the return rates. Therefore, fuzzy portfolio model is proposed for solving the efficient portfolio when the economy environment remains in vagueness for the future. To manage such an investment, we revise the Chen and Tsaur’s fuzzy portfolio model by using fuzzy goal programming model. Then, two numerical examples are illustrated by the proposed model which shows that the portfolio selection can be solved by the linguistic imprecise goal of the expected return. With different linguistic descriptions for the imprecise goal of expected return for the future stock market, the optimal portfolio selection that can be solved under different investment risks which is considered better than Chen and Tsaur’s model in real world situations. The sensitivity analysis with some parameter groups can be provided for more invested risk selection in the portfolio analysis.