A model for optimizing enterprise’s inventory costs. A fuzzy approach

The applicability of a fuzzy approach to a problem originating from administrative accounting, namely to determine an economic order quantity (EOQ) in a variable competitive environment with imprecise and vague data, is presented. For this purpose, the model of Ordered Fuzzy Numbers developed by the first author (W.K.) and his two co-workers is used. The present approach generalizes the one developed within the framework of Convex Fuzzy Numbers and stays outside the probabilistic one.