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A multi-product newsboy problem with fuzzy customer demand and a storage space constraint

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  • Pankaj Dutta

Abstract

This article provides a fuzzy inventory model for multi-product newsboy problem subject to a storage space constraint. Common characteristics of inventory systems include uncertain demand. Several authors have examined constrained multi-item newsboy problem with stochastic demand. In this paper, a model for cases of fuzzy demands is constructed. The objective is to maximise the total resultant profit by considering fuzzy demands together with a storage space constraint. The optimisation is achieved using interval-valued expectation of a fuzzy number. Based on the bisection method, an efficient iterative algorithm is adopted to identify the optimal order quantities. The optimality conditions are justified through a numerical example.

Suggested Citation

  • Pankaj Dutta, 2010. "A multi-product newsboy problem with fuzzy customer demand and a storage space constraint," International Journal of Operational Research, Inderscience Enterprises Ltd, vol. 8(2), pages 230-246.
    • Handle: RePEc:ids:ijores:v:8:y:2010:i:2:p:230-246
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    Cited by:

    1. Abu Hashan Md Mashud & Hui-Ming Wee & Chiao-Ven Huang & Jei-Zheng Wu, 2020. "Optimal Replenishment Policy for Deteriorating Products in a Newsboy Problem with Multiple Just-in-Time Deliveries," Mathematics, MDPI, vol. 8(11), pages 1-18, November.

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