Abstract: In this paper, a method has been developed to
construct the membership surfaces of row and column vectors and
arithmetic operations of imprecise matrix. A matrix with imprecise
elements would be called an imprecise matrix. The membership
surface of imprecise vector has been already shown based on
Randomness-Impreciseness Consistency Principle. The Randomness-
Impreciseness Consistency Principle leads to defining a normal law
of impreciseness using two different laws of randomness. In this
paper, the author has shown row and column membership surfaces
and arithmetic operations of imprecise matrix and demonstrated with
the help of numerical example.
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.