Fuzzy EOQ inventory model with and without production as an enterprise improvement strategy

Abstract

This work presents a theoretical extension to the inventory model EOQ with and without production, representing all variables as fuzzy quantities. The model is compared against the classical EOQ model with and without production. In this comparison, crisp and fuzzy data were used, and the results and conclusions were contrasted. We present the advantages of the fuzzy theory vs. classical theory in decision-making in the enterprise.