FUZZY ECONOMIC ORDER QUANTITY INVENTORY MODEL, USING LAGRANGIAN METHOD
K. Kalaiarasi, M. Sumathi and S. Daisy
In this paper, an economic order quantity (EOQ) inventory model with shortage has been considered in a fuzzy environment in order to determine the optimal total cost and the optimal length value for the proposed inventory model. Further to achieve this optimal length value, used extension of the Lagrangian method. An algorithm for optimizing this model is developed. We have illustrated crisp and fuzzy value in numerical example.
Keywords: EOQ, Optimal Total cost, Optimal Length Value, Lagrangian method.