Abstract
Inventory is one of the most expensive and important assets to many companies, representing as much as 50% of total invested capital. Combined with the fierce pressure to cut costs and the challenge of dealing with various types of uncertainties, researchers and practitioners alike have been motivated to use fuzziness in inventory management. In this chapter, we present economic order quantity, economic production quantity, single period, and periodic review inventory models under fuzziness. All models are demonstrated through numerical examples.
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Yavuz, M. (2010). Fuzzy Inventory Management. In: Kahraman, C., Yavuz, M. (eds) Production Engineering and Management under Fuzziness. Studies in Fuzziness and Soft Computing, vol 252. Springer, Berlin, Heidelberg. https://doi.org/10.1007/978-3-642-12052-7_2
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DOI: https://doi.org/10.1007/978-3-642-12052-7_2
Publisher Name: Springer, Berlin, Heidelberg
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