An Application of Possibilistic Moments of Nonlinear Type of Fuzzy Numbers in Supply Chain Management

ABSTRACT

The supply chain (SC) network is prone to disturbance due to various uncertainties associated with their subsystems. The COVID-19 outbreak has exposed the global vulnerability of the supply chain network. The current pandemic has severely affected almost every SC network because its members are situated at the international level. One of the reasons for SC network failure is the deterministic assumptions of different parameters. A realistic SC network model requires the use of the uncertain value of the parameters, which can be further captured by fuzzy numbers. This paper discusses the possibilistic moment of several nonlinear types of fuzzy numbers that are important for SC network modeling. We give closed-form possibilistic moments' expression for various types of fuzzy numbers that are very similar to the moment's properties in probability theory and stochastic process. We then illustrate the application of proposed fuzzy numbers by solving an inventory model. This paper also provides results related to the EPQ inventory model in a fuzzy possibilistic setup. [ FROM AUTHOR] Copyright of Mathematical Problems in Engineering is the property of Hindawi Limited and its content may not be copied or emailed to multiple sites or posted to a listserv without the copyright holder's express written permission. However, users may print, download, or email articles for individual use. This may be abridged. No warranty is given about the accuracy of the copy. Users should refer to the original published version of the material for the full . (Copyright applies to all s.)