Int. J. Advanced Operations Management, Vol. 7, No. 2, 2015 85
Copyright © 2015 Inderscience Enterprises Ltd.
Managerial decision mechanism to fuzzy optimal
solutions in linear programming problems and
post-optimal analyses: robust ranking technique
Monalisha Pattnaik
Department of Business Administration,
Utkal University,
Bhubaneswar, Odisha, 751004, India
Email: monalisha_1977@yahoo.com
Abstract: In this paper, I wish to find the solutions to the fuzzy linear program
where some parameters are fuzzy numbers. In practice, there are many
problems in which all decision parameters are fuzzy numbers, and such
problems are usually solved by either probabilistic programming or multi
objective programming methods. Unfortunately, all these methods have
shortcomings. In this note, using the concept of comparison of fuzzy numbers,
a very effective method is introduced for solving these problems. The model is
illustrated with application and a sensitivity analysis is obtained. This paper
extends linear programming-based problem in fuzzy environment. With the
problem assumptions, the optimal solution can still be theoretically solved
using the simplex-based method. To handle the fuzzy decision, variables can be
initially generated and then solved and improved sequentially using the fuzzy
decision approach by introducing robust ranking technique. The proposed
procedure was programmed and through MATLAB (R2009a) version software,
the four dimensional slice diagram is represented to the application. The model
is illustrated with an application and a post optimal analysis is studied with
respect to changes in parameter which incorporates all concepts of a fuzzy
arithmetic approach to draw managerial insights.
Keywords: linear programming; fuzzy; optimal; post-optimal analyses; robust
ranking technique; managerial decision.
Reference to this paper should be made as follows: Pattnaik, M. (2015)
‘Managerial decision mechanism to fuzzy optimal solutions in linear
programming problems and post-optimal analyses: robust ranking technique’,
Int. J. Advanced Operations Management, Vol. 7, No. 2, pp.85–97.
Biographical notes: Monalisha Pattnaik is currently a Faculty at the
Department of Business Administration of Utkal University, India. She
received her PhD in Statistics from Utkal University in 2011. Currently, she is
continuing DLit in Business Administration at Utkal University. Her teaching
and research interests include operations research, production and operations
management, inventory control, supply chain management, TQM, fuzzy,
optimisation techniques, research methodology and statistical methods for data
analysis. She has published many articles in international and national journals.
She has authored two books in international repute. She is a reviewer and
member of editorial board of many international and national journals.