Fuzzy technique for optimization of objective function with uncertain resource variables and technological coefficients

In this paper, a new fuzzy optimization based methodology called as a modified S-curve membership function has been utilized in an industrial production problems of oil company. The major contribution of this paper is on the optimization of profit function with respect to uncertain resource variables and technological coefficients. Three cases have been thoroughly studied in this paper. Comparative results have been successfully obtained for these three cases. This information will be very important for the decision makers in implementing their decision under vague environment. The decision maker has major advantages on the strategic and flexible decision making process via using the nmodified S-curve membership function in the optimization of the profit function.