Abstract
Abstract: Inventory management in the supply chain has been discovered to be the key to long-term success. Inventory is important in the supply chain because it balances supply characteristics and consumer demand. In this non-coordinated supply chain model, the merchant determines the appropriate order quantity based on the various expenses involved. Under quadratic price dependent demand, an extension of the lagrangian method is used to optimize fuzzy EOQ, total variable cost of the relevant retailer, and the supply chain. To support the model, a numerical case is solved.
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