A novel type-2 hexagonal fuzzy logic approach for predictive safety stock management for a distribution business
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Dosyalar
Tarih
2023
Yazarlar
Dergi Başlığı
Dergi ISSN
Cilt Başlığı
Yayıncı
Erişim Hakkı
info:eu-repo/semantics/openAccess
Özet
Safety stock is an important method to overcome variability in inventory management. The classical approach to safety stock decisions relies on historical demand and lead time statistical data, which may not capture the uncertainty and complexity of the real world. Human knowledge and experience are valuable assets for making better decisions, especially when facing unpredictable situations. The fuzzy method is widely used for employing human intuition for decisions. When fuzzy opinions are input, decisions can be made proactively rather than reactively while benefiting from future predictions. The paper aims to integrate human intuition using Hexagonal Type-2 Fuzzy Sets (HT2FS) for safety stock management. HT2FS is a generalization of Interval Type-2 Fuzzy Sets that can represent more uncertainty in the membership functions. Predictions may be integrated into the safety stock models using human intuition. The proposed model uses novel fuzzy approaches to integrate human intuition into the traditional safety stock model. Applying fuzzy sets to safety stock management allowed experts' opinions under fuzzy logic to be integrated into decision-making. The proposed novel approach uses the centre of gravity method of Polygonal Interval Type-2 Fuzzy sets for defuzzification, which is a computationally efficient method that can handle any shape of the footprint of uncertainty. A mathematical model is developed to validate fuzzy opinions that may replace historical data. The data is received from a real-life case, and human intuition is integrated using an expert's input. After the validation, a real-life numerical example has been considered to illustrate the model and its validity compared to the classical model. The outcomes show that the proposed model may contribute to the classical models, mainly when experts' inputs offer good predictions. When expert opinion on HT2FS is used for a real-life case, the results show that the expert's better representation of future variances lowers total cost by 2.8%. The results, coupled with the sensitivity analysis, underline that the proposed approach may contribute to the literature on safety stock management.
Açıklama
Anahtar Kelimeler
Fuzzy logic, Safety stock management, Distribution
Kaynak
Scientific Reports
WoS Q Değeri
Q1
Scopus Q Değeri
Q1
Cilt
13
Sayı
1
Künye
Yiğit, F. (2023). A novel type-2 hexagonal fuzzy logic approach for predictive safety stock management for a distribution business. Scientific Reports, 13(1).
