Studies on imprecise Economic Order Quantity model using interval parameter
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Abstract
In this paper, we introduce an imprecise economic order quantity (EOQ) model with demand, holding cost and set up cost are assumed as an interval number. We consider the parameters of the proposed model with imprecise data as form of interval number. The proposed EOQ model is presented with impreciseness of parameters by introducing parametric functional form of interval number and then solves the problem by geometric programming technique. Numerical example is presented to support of the proposed approach.
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