## Single-period inventory problem under uncertain environment.(English)Zbl 1290.90007

Summary: This paper investigates the single period inventory Newsboy problem in a general uncertain environment. Here it is assumed that the uncertainty appears in the market demand of the product. Uncertain demand is used to describe a subjective estimate (not estimated by random/fuzzy demand), linguistically expressed by “demand is about $$\xi$$”. Using identification functions of the uncertain variable we derive the optimum order quantity and finally the expression of total expected profit for a fixed time period. The computational aspects of the model in uncertain environment and their interpretations are illustrated by some examples.

### MSC:

 90B05 Inventory, storage, reservoirs
Full Text:

### References:

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