Title :
An new approach for newsboy problem with fuzzy demand
Author :
Hu, Jinsong ; Cui, Ling ; Li, Zengqiang ; Hu, Xiaogen ; Wu, Haixiang
Author_Institution :
Dept. of Manage. Sci. & Eng., Qingdao Univ., Qingdao, China
Abstract :
A sufficient condition that the expected value of function of fuzzy variable can be expressed as Lebesgue-Stieltjes integral is given via the credibility measure of fuzzy event. Based on the proposed sufficient condition, the expected sales, inventory and shortage amounts are derived. Therefore, the expected profit is established, its concavity is revealed. The optimal order condition is obtained. The special optimal order quantity conditions associated with various types of fuzzy demand are deduced. Finally, a numerical example is given to illustrate the order quantity conditions.
Keywords :
fuzzy set theory; profitability; Lebesgue-Stieltjes integral; fuzzy demand; fuzzy event measurement; fuzzy variable; newsboy problem; optimal order quantity conditions; profit expectation; Analytical models; Europe; Programming; credibility measure; excepted value; fuzzy variable; newsboy problem;
Conference_Titel :
Intelligence and Security Informatics (ISI), 2011 IEEE International Conference on
Conference_Location :
Beijing
Print_ISBN :
978-1-4577-0082-8
DOI :
10.1109/ISI.2011.5984115