%0 Journal Article
	%A Susovan Chakrabortty and  Madhumangal Pal and  Prasun Kumar Nayak
	%D 2010
	%J International Journal of Industrial and Manufacturing Engineering
	%B World Academy of Science, Engineering and Technology
	%I Open Science Index 44, 2010
	%T Solution of Interval-valued Manufacturing Inventory Models With Shortages
	%U https://publications.waset.org/pdf/769
	%V 44
	%X 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.
	%P 613 - 618