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Inventory Model for Deteriorating Items Involving Fuzzy with Shortages and Exponential Demand
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Sharmila Vijai Stanly *   1, R Uthayakumar2 |
1- The Gandhigram Rural Institute, Deemed University, Gandhigram, India , banadict16@gmail.com
2- The Gandhigram Rural Institute, Deemed University, Gandhigram, India |
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Abstract: (4535 Views) |
| This paper considers the fuzzy inventory model for deteriorating items for power demand under fully backlogged conditions. We define various factors which are affecting the inventory cost by using the shortage costs. An intention of this paper is to study the inventory modelling through fuzzy environment. Inventory parameters, such as holding cost, shortage cost, purchasing cost and deterioration cost are assumed to be the trapezoidal fuzzy numbers. In addition, an efficient algorithm is developed to determine the optimal policy, and the computational effort and time are small for the proposed algorithm. It is simple to implement, and our approach is illustrated through some numerical examples to demonstrate the application and the performance of the proposed methodology. |
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| Keywords: Exponential Demand, Deterioration, Shortages, Trapezoidal Fuzzy Numbers, Fuzzy Demand, Fuzzy Deterioration |
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Type of Study: مقاله پژوهشی |
ePublished: 2017/09/28
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