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Demand, available storage and total order quantity are considered as fuzzy numbers.
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To examine the nature of average total cost function, we plot the total cost function with varying order quantity of item 1 and item 2. The results are shown in Figs. 4, 5 and 6.
(4.13) and (4.7), the optimal value of the average total cost and the optimal order quantity are (mathrm{ATC}left( {{T}^ right) =$48.9359) and ({{q}^=55.9919) units, respectively.
The considered objectives were the minimization of the total cost the chain, minimization of the variance of order quantity and minimization of the total inventory.
As the shape parameter ( varepsilon ) increases, the total cost decreases while the optimal order quantity and the cycle time increase.
The objective of this study is to minimize the total relevant cost by simultaneously optimizing the order quantity, lost sales rate and order processing cost.
When the two divisions of a MNF are co-located in the domestic country, the firm enjoys the benefit of a centralized operational decision on the order quantity to maximize its total profit although there is no tax saving opportunity.
The principal goal of the research is to maximize the total profit of the chain by optimizing the order quantity of the supplier and the selling prices of the manufacturer and the wholesaler.
The aim of this study is to provide the optimal time interval and order quantity while minimizing the system total cost so as to make the best use of their promotional efforts.
Most of the business organizations emphasize on inventory management and solving inventory problems because they want to obtain economic order quantity (EOQ) which minimizes the total average inventory cost.
When there is an increase in the value of (M), the optimal order quantity (Q^) increases, whereas the optimal total cost ({text{TC}}^) decreases.
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CEO of Professional Science Editing for Scientists @ prosciediting.com