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In the present competitive market, in case of some products like smartphone, it is observed that after few days of launching a new product, a same type of product by some other company becomes available with a cheaper selling price or with more accessories within the same selling price. In this situation, customers normally go for the new product rejecting the older one. So always there is a possibility...
A solution of m×n rectangular fuzzy game with payoff as imprecise numbers instead of crisp real numbers namely interval and triangular fuzzy numbers is considered here. Solution of such fuzzy games with pure strategies and the algebraic method to solve 2×2 fuzzy game without saddle point by using mixed strategies is also discussed. Here the m×n payoff matrix is reduced to 2×2 payoff matrix by dominance...
In this paper, a cooperative game has been considered, where there is a coalition between rational players in an uncertain environment. The uncertainty occurs in terms of the quality of the raw material. The pay-offs of the players are influenced by the degree of satisfaction. Pay-offs are considered as interval numbers. A multisection technique has been applied to obtain a rational solution. In the...
This paper discusses a manufacturing inventory model with shortages where carrying cost, shortage cost, setup cost and demand quantity are considered as fuzzy numbers. The fuzzy parameters are transformed into corresponding interval numbers and then the interval objective function has been transformed into a classical multi-objective EPQ (economic production quantity) problem. To minimize the interval...
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