Fully fuzzy inventory model with price-dependent demand and time varying holding cost under fuzzy decision variables

Totan Garai · Dipankar Chakraborty · Tapan Kumar Roy

37 citations0/0 files storedJournal of Intelligent & Fuzzy Systems

No readable copy stored yet — this record is metadata only.

No open-access location is known for this record yet.

Literature note Cite in a project Citation map

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

Abstract

In this paper, we have considered an EOQ inventory model with a price-dependent demand and time varying holding cost in fuzzy environments by employing trapezoidal fuzzy numbers. A fully-fuzzy inventory model is developed where the input parameters and decision variables are fuzzified. For this fuzzy model, an expected value method of defuzzification is employed to find the estimate of the profit function in the fuzzy sense. In addition, a rigorous methodology is constructed to examined for the optimal solution of fully-fuzzy inventory model. The optimal policy for the developed model is determined using the proposed algorithm after defuzzification of the profit function. Finally, a numerical example is provided in order to determine the sensitiveness in the decision variables with respect to fuzziness in the components.

Paper brief

Loading…

Cite this work

Citation unavailable for this work.

BibTeX RIS CSL-JSON

No public copy is stored for this record, so only the metadata is cited.

Citations in this library

Citation map →

Stored only when both papers are in the corpus — 37 citations exist upstream.

References

1965Fuzzy sets 2017An inventory model under price and stock dependent demand for controllable deterioration rate with shortages and preservation technology investment 2016Inventory and pricing model with price-dependent demand, time-varying holding cost, and quantity discounts 2016Pricing and lot-sizing polices for perishable goods when the demand depends on selling price, displayed stocks, and expiration date 2012An inventory model for deteriorating items under stock-dependent demand and controllable deterioration rate 2007Inventory model with stock-level dependent demand rate and variable holding cost 2014Celebrating a century of the economic order quantity model in honor of Ford Whitman Harris 2006Note: An application of the EOQ model with nonlinear holding cost to inventory management of perishables

Cited by

2023Is the system reliability profitable for retailing and consumer service of a dynamical system under cross-price elasticity of demand?2021A reverse logistics inventory model with multiple production and remanufacturing batches under fuzzy environment 2022Fuzzy optimization model of two parameter Weibull deteriorating rate with quadratic demand and variable holding cost under allowable shortages

Explore the map →

Papers that cite the same references — the relational fallback while embeddings are still backfilling.

Imported from OpenAlex (CC0) — nothing here is generated.