Abstract
This paper develops a fuzzy inventory model for deteriorating items with ramp type demand function which determines the optimal replenishment policies by minimising the total cost of the inventory system. Shortages are allowed and are partially backlogged. Fuzziness is introduced in the traditional cost components to a certain extent using the triangular fuzzy numbers and the signed distance method is used to defuzzify the total cost function. This paper, first, develops the crisp model by considering the two possible scenarios arise due to ramp type demand function, and then their corresponding fuzzy models are developed. To test the validity of the model, numerical study is also conducted followed by the sensitivity analysis on the key parameters.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
More From: International Journal of Logistics Systems and Management
Disclaimer: All third-party content on this website/platform is and will remain the property of their respective owners and is provided on "as is" basis without any warranties, express or implied. Use of third-party content does not indicate any affiliation, sponsorship with or endorsement by them. Any references to third-party content is to identify the corresponding services and shall be considered fair use under The CopyrightLaw.