A two-warehouse inventory model with fuzzy deterioration rate and fuzzy demand rate under conditionally permissible delay in payment

Abolfazl Mirzazadeh · Ehsan Sharifi

30 citations0/0 files storedJournal of Industrial and Production Engineering

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Supply Chain and Inventory Management Optimization and Mathematical Programming Fuzzy Systems and Optimization

Abstract

The classical inventory models usually consider deterioration rate and demand rate as constant quantities, but, in the practical situations, the deterioration rate and the demand rate are uncertain in nature. In this paper, a new two-warehouse inventory model with fuzzy deterioration rate and fuzzy demand rate under conditionally permissible delay in payment is developed. The deterioration rate and demand rate are considered as right-shaped fuzzy numbers. The objective was to obtain the optimum value of the fuzzy total cost. The numerical examples are also considered to compare the crisp model and its corresponding fuzzy model. Finally, a sensitivity analysis is carried out to get the sensitiveness of the tolerance of different input parameters.

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References

2007Decision Making in a Fuzzy Environment 2001Recent trends in modeling of deteriorating inventory 1985Economic Order Quantity under Conditions of Permissible Delay in Payments 1982Perishable Inventory Theory: A Review 1991Survey of Literature on Continuously Deteriorating Inventory Models 1995Ordering Policies of Deteriorating Items under Permissible Delay in Payments 2012Review of inventory systems with deterioration since 2001 1997Retailer's pricing and lot sizing policy for exponentially deteriorating products under the condition of permissible delay in payments

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