Multi item inventory model include lead time with demand dependent production cost and set-up-cost in fuzzy environment
Journal Title: Journal of Fuzzy Extension & Applications - Year 2020, Vol 1, Issue 3
Abstract
In this paper, we have developed the multi-item inventory model in the fuzzy environment. Here we considered the demand rate is constant and production cost is dependent on the demand rate. Set-up- cost is dependent on average inventory level as well as demand. Lead time crashing cost is considered the continuous function of leading time. Limitation is considered on storage of space. Due to uncertainty all cost parameters of the proposed model are taken as generalized trapezoidal fuzzy numbers. Therefore this model is very real. The formulated multi objective inventory problem has been solved by various techniques like as Geometric Programming (GP) approach, Fuzzy Programming Technique with Hyperbolic Membership Function (FPTHMF), Fuzzy Nonlinear Programming (FNLP) technique and Fuzzy Additive Goal Programming (FAGP) technique. An example is given to illustrate the model. Sensitivity analysis and graphical representation have been shown to test the parameters of the model.
Authors and Affiliations
Satya Kumar Das
Keywords
Related Articles
- EP ID EP692660
- DOI 10.22105/JFEA.2020.254081.1025
- Views 194
- Downloads 0
Multi item inventory model include lead time with demand dependent production cost and set-up-cost in fuzzy environment
In this paper, we have developed the multi-item inventory model in the fuzzy environment. Here we considered the demand rate is constant and production cost is dependent on the demand rate. Set-up- cost is dependent on a...
Analyzing the barriers of organizational transformation by using fuzzy SWARA
The crucial role of bureaucracy in the economic, political, socio-cultural and political structures, and its impact in achieving the goals of organization is so important that in order to achieve the development, change...
Fuzzy logic in accounting and auditing
Many areas of accounting have highly ambiguous due to undefined and inaccurate terms. Many ambiguities are generated by the human mind. In the field of accounting, these ambiguities lead to the creation of uncertain info...
Fuzzy programming approach to Bi-level linear programming problems
In this study, we discussed a fuzzy programming approach to bi-level linear programming problems and their application. Bi-level linear programming is characterized as mathematical programming to solve decentralized prob...
Assessment and linear programming under fuzzy conditions
The present work focuses on two directions. First, a new fuzzy method using triangular / trapezoidal fuzzy numbers as tools is developed for evaluating a group’s mean performance, when qualitative grades instead of numer...