Decision Making in a Fuzzy Environment and its Management to the Diminishing Manufacturing Sources and Material Shortage Problems

Abstract:

The paper formulated a proposed methodology to manage diminishing manufacturing sources and material shortage (DMS) with conclusions and recommendations on the subject of component obsolescence management in a military electronic support environment. By assessing applicable literature as well as feedback and lessons learned from relevant support projects, a strategy for the management of component obsolescence is proposed. The aim of the research is to explore the problem of managing DMS strategies by the method of project management and describes the risk of running distinct strategies to solve problems of DMS by fuzzy theory and possibility theory. Based on the results, this paper can be applied to support businesses quickly to determine the Strategies Combination, Resource Allocation and Inventory by using the model and genetic algorithm. A case study of an aerospace industry is used to illustrate the concept developed, which would be meaningful to reduce applicable obsolescence risks and thereby reducing related inventory and manpower costs.

• Periodical: Applied Mechanics and Materials (Volumes 513-517)
• Pages: 2672-2675
• DOI: https://doi.org/10.4028/www.scientific.net/AMM.513-517.2672
• Online since: February 2014
• Authors: Yuan Cheng Tsai*, Yi Lun Chi
• Keywords: Fuzzy Theory, Inventory Strategic, Possibility Theory, Risk Evaluation

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