publication . Article . 2014

Optimization in Fuzzy Economic Order Quantity (FEOQ) Model with Deteriorating Inventory and Units Lost

Monalisha Pattnaik;
Open Access English
  • Published: 01 Sep 2014 Journal: LogForum (issn: 1734-459X, Copyright policy)
  • Publisher: Poznań School of Logistics
Abstract
Background: This model presents the effect of deteriorating items in fuzzy optimal instantaneous replenishment for finite planning horizon. Accounting for holding cost per unit per unit time and ordering cost per order have traditionally been the case of modeling inventory systems in fuzzy environment. These imprecise parameters defined on a bounded interval on the axis of real numbers and the physical characteristics of stocked items dictate the nature of inventory policies implemented to manage and control in the production system.   Methods: The modified fuzzy EOQ (FEOQ) model is introduced, it assumes that a percentage of the on-hand inventory is w...
Subjects
free text keywords: Optimization, Fuzzy, FEOQ, Deterioration, Units Lost., Marketing. Distribution of products, HF5410-5417.5
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Article . 2014

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