Computation of EOQ Under Type-2 Fuzzy Environments
A fuzzy EOQ model, considering fuzzy demand, was developed in this paper. Since demand cannot be accurately forecasted since it is based on many unpredictable and disturbing business practices, it is classified as a type-2 fuzzy variable. This research adopted a type-2 fuzzy variable defuzzification method for interval approximation in this regard. The efficacy of the proposed approach is graphically demonstrated by numerical examples and sensitivity analysis.