publication . Article . 2016

Fuzzy inventory model for deteriorating items, with time depended demand, shortages, and fully backlogging

Wasim Akram Mandal; Sahidul Islam;
Open Access
  • Published: 01 Mar 2016 Journal: Pakistan Journal of Statistics and Operation Research, volume 12, page 101 (issn: 1816-2711, eissn: 2220-5810, Copyright policy)
  • Publisher: Pakistan Journal of Statistics and Operation Research
Abstract
In this paper analyzes fuzzy inventory system for deterioration item with time depended demand. Shortages are allowed under fully backlogged. Fixed cost, deterioration cost, shortages cost, holding cost are the cost considered in this model. Fuzziness is applying by allowing the cost components (holding cost, deterioration, shortage cost, holding cost, etc). In fuzzy environment it considered all required parameter to be triangular fuzzy numbers. One numerical solution of the model is obtained to verify optimal solution. The purpose of the model is to minimize total cost function.
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Subjects
free text keywords: Carrying cost, Inventory system, Fuzzy number, Total cost, Actuarial science, Mathematics, Fuzzy logic, Fixed cost, Economic shortage, Mathematical optimization, Holding cost, lcsh:Mathematics, lcsh:QA1-939, lcsh:Statistics, lcsh:HA1-4737
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