Linear Programming Problems in Fuzzy Decision Space
Journal Title: Saudi Journal of Business and Management Studies - Year 2017, Vol 2, Issue 2
Abstract
Abstract: In this paper the optimal solution for linear programming is derived where some parameters are fuzzy in numbers. In practice, there are many problems arise if the decision parameters are crisp in nature, and such problems are usually solved by introducing either probabilistic programming or multi objective programming methods. Unfortunately all these methods have shortcomings. In this note, the concept of fuzzy numbers is introduced, which is a very effective method for solving these problems. With the problem assumptions, the optimal solution can still be theoretically solved using the simplex based method. Fuzzy decision variables can be initially generated and then solved and improved sequentially using the fuzzy decision approach by introducing robust ranking technique. The proposed procedure was programmed through MATLAB (R2009a) version software for representing four dimensional slice diagrams to its application. The model is illustrated with an application which incorporates all concepts of a fuzzy arithmetic approach to draw managerial insights. Keywords: Linear programming, Fuzzy, Optimal, Robust ranking technique
Authors and Affiliations
Padmabati Gahan, Monalisha Pattnaik, Sourav Dhal
Keywords
Related Articles
- EP ID EP394730
- DOI -
- Views 141
- Downloads 0
New Business of LIC of India under Individual Assurance in the 21st Century: An Appraisal
Abstract: The insurance sector in India has witnessed the different phases viz. open competitive market, nationalised market, liberalised market and highly competitive market. After the foundation of IRDAI, private insur...
How Do Brand Community Integration and UTAUT2 Influence On-line Brand Loyalty?
Abstract:With drastic advances in information technology, many new social media platforms have been created, such as Facebook and LINE. As firms search for competitive advantages in using these platforms to consolidate o...
The Strategy to Develop Children’ Moral Intelligence through Religious Stories Illustrated
Abstract:The purpose of this study is to obtain information about the effectiveness of illustrated religious stories in developing early childhood moral intelligence. The research was conducted in Raudhatul Athfal (RA) a...
Information Security Awareness and Training in the Digital World
Abstract:In the era of digital technology, technology has developed rapidly however the information technology security lags drastically. There has been increase in risk and threats to the organization’s information. For...
Leadership Qualities and Service Delivery: A Critical Review of Literature
Abstract: Service delivery is the most widely used measure of performance in the public sector. This paper is a critical review of literature with a focus on how service delivery is linked to leadership qualities, ethics...