APPLICATIONS OF FUZZY GROUP DECISION MAKING PROBLEMS VIA BORDA SCORE METHOD

Authors : Rathinam Nagarajan, Kalirajan Balamurugan

Pages : 49-57

View : 18 | Download : 12

Publication Date : 2015-11-01

Article Type : Research

Abstract :Inventory models in which the demand rate on the inventory level are based on the common real life observation that greater product availability tends to stimulate more sales. Theory of constraints (TOC) is a production planning philosophy that tries to improve the throughput of the system management of inventory levels. Due to the existing of inventory levels in a production system the demands of all products can not be fully met. So one of the most important decisions made in production systems is product mix problem. Although many algorithms have been developed in the fields using the concept of theory of constraints. This paper benefits from a variety of advantages. In order to consider the importance of all inventory levels, group decision making approach is applied and the optimal product mix is reached. In the algorithm presented in this paper, each inventory level is considered as a decision maker. The new algorithm benefits from the concept of fuzzy group decision making and optimizes the product mix problem in inventory environment where all parameters are fuzzy values
Keywords : Fuzzy group decision making, product mix optimization, multi-stage decision making, theory of constraints, inventory level cost and triangular fuzzy number