Fuzzy Probability and Its Application

Soumen Banerjee

Abstract: This paper deals with a Fixed Reorder Quantity System with Backorder where the demand follows uniform distribution. The concept of fuzzy probability is applied here where the single objective stochastic inventory model is discussed and the numerical results are illustrated.

Keywords: Fuzzy Optimization, Fuzzy Probability, Uniform Distribution, Fuzzy Non-linear Programming, Multi-objective Non-linear Programming