Abstract
In this paper, We discuss a fuzzy EOQ model for time-dependent deteriorating items and time- dependent demand with shortages. We consider here an EOQ model in which inventory is depleted not only by demand, but also by deterioration. This paper deals with infinite time horizon fuzzy Economic Order Quantity (EOQ) models for weibull deteriorating items with time dependent exponential demand rate. We have taken deterioration parameter �⁄ 0 as a triangular fuzzy number�:�⁄ 0F�‹ 1,�⁄ 0 ,�⁄ 0 +�¤ 2�; , where 0 < �‹ 1,�‹ 2 <�⁄ 0 are fixed real numbers. The traditional parameters such as unit cost ,ordering cost and holding cost have been kept constant. The approximate optimal solution for the fuzzy profit functions have been obtained and numerical example is provided to illustrate the solution procedure for the developed fuzzy EOQ model. Finally, Sensitivity of the optimal solution to changes in the values of some key parameters is also studied.
Talk to us
Join us for a 30 min session where you can share your feedback and ask us any queries you have
Schedule a callDisclaimer: 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.
