Inventory Model for Deteriorating Items Involving Fuzzy with Shortages and Exponential Demand
This paper considers the fuzzy inventory model for deteriorating items for power demand under fully backlogged conditions. We define various factors which are affecting the inventory cost by using the shortage costs. An intention of this paper is to study the inventory modelling through fuzzy enviro...
| Main Authors: | , |
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| Format: | Article |
| Language: | English |
| Published: |
Kharazmi University
2015-11-01
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| Series: | International Journal of Supply and Operations Management |
| Subjects: | |
| Online Access: | http://ijsom.com/article_2543_460.html |
| _version_ | 1819156390660276224 |
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| author | Sharmila Vijai Stanly R Uthayakumar |
| author_facet | Sharmila Vijai Stanly R Uthayakumar |
| author_sort | Sharmila Vijai Stanly |
| collection | DOAJ |
| description | This paper considers the fuzzy inventory model for deteriorating items for power demand under fully backlogged conditions. We define various factors which are affecting the inventory cost by using the shortage costs. An intention of this paper is to study the inventory modelling through fuzzy environment. Inventory parameters, such as holding cost, shortage cost, purchasing cost and deterioration cost are assumed to be the trapezoidal fuzzy numbers. In addition, an efficient algorithm is developed to determine the optimal policy, and the computational effort and time are small for the proposed algorithm. It is simple to implement, and our approach is illustrated through some numerical examples to demonstrate the application and the performance of the proposed methodology. |
| first_indexed | 2024-12-22T15:52:07Z |
| format | Article |
| id | doaj.art-68fd3b074c55458290ddaeac4f96c8ac |
| institution | Directory Open Access Journal |
| issn | 2383-1359 2383-2525 |
| language | English |
| last_indexed | 2024-12-22T15:52:07Z |
| publishDate | 2015-11-01 |
| publisher | Kharazmi University |
| record_format | Article |
| series | International Journal of Supply and Operations Management |
| spelling | doaj.art-68fd3b074c55458290ddaeac4f96c8ac2022-12-21T18:20:52ZengKharazmi UniversityInternational Journal of Supply and Operations Management2383-13592383-25252015-11-0123888904Inventory Model for Deteriorating Items Involving Fuzzy with Shortages and Exponential DemandSharmila Vijai Stanly 0R Uthayakumar1The Gandhigram Rural Institute, Deemed University, Gandhigram, IndiaThe Gandhigram Rural Institute, Deemed University, Gandhigram, IndiaThis paper considers the fuzzy inventory model for deteriorating items for power demand under fully backlogged conditions. We define various factors which are affecting the inventory cost by using the shortage costs. An intention of this paper is to study the inventory modelling through fuzzy environment. Inventory parameters, such as holding cost, shortage cost, purchasing cost and deterioration cost are assumed to be the trapezoidal fuzzy numbers. In addition, an efficient algorithm is developed to determine the optimal policy, and the computational effort and time are small for the proposed algorithm. It is simple to implement, and our approach is illustrated through some numerical examples to demonstrate the application and the performance of the proposed methodology.http://ijsom.com/article_2543_460.htmlExponential DemandDeteriorationShortagesTrapezoidal Fuzzy NumbersFuzzy DemandFuzzy Deterioration |
| spellingShingle | Sharmila Vijai Stanly R Uthayakumar Inventory Model for Deteriorating Items Involving Fuzzy with Shortages and Exponential Demand International Journal of Supply and Operations Management Exponential Demand Deterioration Shortages Trapezoidal Fuzzy Numbers Fuzzy Demand Fuzzy Deterioration |
| title | Inventory Model for Deteriorating Items Involving Fuzzy with Shortages and Exponential Demand |
| title_full | Inventory Model for Deteriorating Items Involving Fuzzy with Shortages and Exponential Demand |
| title_fullStr | Inventory Model for Deteriorating Items Involving Fuzzy with Shortages and Exponential Demand |
| title_full_unstemmed | Inventory Model for Deteriorating Items Involving Fuzzy with Shortages and Exponential Demand |
| title_short | Inventory Model for Deteriorating Items Involving Fuzzy with Shortages and Exponential Demand |
| title_sort | inventory model for deteriorating items involving fuzzy with shortages and exponential demand |
| topic | Exponential Demand Deterioration Shortages Trapezoidal Fuzzy Numbers Fuzzy Demand Fuzzy Deterioration |
| url | http://ijsom.com/article_2543_460.html |
| work_keys_str_mv | AT sharmilavijaistanly inventorymodelfordeterioratingitemsinvolvingfuzzywithshortagesandexponentialdemand AT ruthayakumar inventorymodelfordeterioratingitemsinvolvingfuzzywithshortagesandexponentialdemand |