Optimization of Fuzzy Production and Financial Investment Planning Problems
نویسنده
چکیده
Production and financial investment planning is the arrangements for the quantity of products and the investment in financial products of a firm. This paper develops a new two-stage fuzzy optimization method for production and financial investment planning problem, in which the exchange rate is uncertain and characterized by possibility distribution. The objective of the problem is to maximize the firm’s profit. We use Lebesgue-Stieltjes (L–S) integral to measure the firm’s profit in the second stage. When demands are deterministic, we decompose the original feasible region to several subregions, and derive the equivalent linear programming model of the proposed programming problem in each subregion. Furthermore, we employ decomposition method to solve the proposed production and financial investment planning problem. Finally, one numerical example is presented to demonstrate the validity of the proposed model and the effectiveness of the solution method. c ©2014 World Academic Press, UK. All rights reserved.
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