Fuzzy Inventory Models

The efficient management of inventory requires managers to make decisions on two fundamental questions: (1) how large should an inventory replenishment order be, and (2) when should an inventory replenishment order be placed. These two decisions are integral in the support of an overall inventory management program that typically has the objective of providing a desired level of customer service at a minimal cost. Beginning in 1913 with Harris’s economic order quantity (EOQ)

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