@article{(Open Science Index):https://publications.waset.org/pdf/769, title = {Solution of Interval-valued Manufacturing Inventory Models With Shortages}, author = {Susovan Chakrabortty and Madhumangal Pal and Prasun Kumar Nayak}, country = {}, institution = {}, abstract = {A manufacturing inventory model with shortages with carrying cost, shortage cost, setup cost and demand quantity as imprecise numbers, instead of real numbers, namely interval number is considered here. First, a brief survey of the existing works on comparing and ranking any two interval numbers on the real line is presented. A common algorithm for the optimum production quantity (Economic lot-size) per cycle of a single product (so as to minimize the total average cost) is developed which works well on interval number optimization under consideration. Finally, the designed algorithm is illustrated with numerical example.}, journal = {International Journal of Industrial and Manufacturing Engineering}, volume = {4}, number = {8}, year = {2010}, pages = {613 - 618}, ee = {https://publications.waset.org/pdf/769}, url = {https://publications.waset.org/vol/44}, bibsource = {https://publications.waset.org/}, issn = {eISSN: 1307-6892}, publisher = {World Academy of Science, Engineering and Technology}, index = {Open Science Index 44, 2010}, }