Selection of Suppliers in Fuzzy Environment with Stock-Out Allowed
On the premise of time restriction and allowable stock-out, fuzzy parameters of suppliers’ supply capacity and demand capacity of manufacturers are considered, and a satisfactory selection scheme of suppliers is discussed in this study for the determination of the suppliers involved and the quantity of their materials in order to minimize the total cost. A fuzzy planning model is proposed concerning this issue, and we solve it by using the interval-valued mean to transform the uncertain model into their equivalent formulation, thus providing theoretical basis for the selection of suppliers.
Helen Zhang and David Jin
C. Liu and Z. J. Lu, "Selection of Suppliers in Fuzzy Environment with Stock-Out Allowed", Applied Mechanics and Materials, Vols. 63-64, pp. 182-188, 2011