Multi-item fuzzy inventory model for deteriorating items with finite time-horizon and time-dependent demand

This paper develops a finite time-horizon fuzzy multi-deteriorating inventory model with/without shortage, where the demand increases linearly with time. Here, the total profit is to be maximized under the limitation on investment. In this problem, total profit, total investment cost and the time-ho...

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Main Authors: Kar S., Roy T.K., Maiti M.
Format: Article
Language:English
Published: University of Belgrade 2006-01-01
Series:Yugoslav Journal of Operations Research
Subjects:
Online Access:http://www.doiserbia.nb.rs/img/doi/0354-0243/2006/0354-02430602161K.pdf
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author Kar S.
Roy T.K.
Maiti M.
author_facet Kar S.
Roy T.K.
Maiti M.
author_sort Kar S.
collection DOAJ
description This paper develops a finite time-horizon fuzzy multi-deteriorating inventory model with/without shortage, where the demand increases linearly with time. Here, the total profit is to be maximized under the limitation on investment. In this problem, total profit, total investment cost and the time-horizon are fuzzy in nature. The impreciseness in the above objective and constraint goals have been expressed by fuzzy linear/nonlinear membership functions and vagueness in time-horizon by different types of fuzzy numbers. Results are illustrated with numerical examples.
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spelling doaj.art-c560441a6e0a4aba8af0e4f2dd7beb2a2022-12-21T20:28:20ZengUniversity of BelgradeYugoslav Journal of Operations Research0354-02431820-743X2006-01-0116216117610.2298/YJOR0602161KMulti-item fuzzy inventory model for deteriorating items with finite time-horizon and time-dependent demandKar S.Roy T.K.Maiti M.This paper develops a finite time-horizon fuzzy multi-deteriorating inventory model with/without shortage, where the demand increases linearly with time. Here, the total profit is to be maximized under the limitation on investment. In this problem, total profit, total investment cost and the time-horizon are fuzzy in nature. The impreciseness in the above objective and constraint goals have been expressed by fuzzy linear/nonlinear membership functions and vagueness in time-horizon by different types of fuzzy numbers. Results are illustrated with numerical examples.http://www.doiserbia.nb.rs/img/doi/0354-0243/2006/0354-02430602161K.pdffuzzy inventorydeteriorating itemsbacklogged shortagesdynamic demandfinitetime-horizon
spellingShingle Kar S.
Roy T.K.
Maiti M.
Multi-item fuzzy inventory model for deteriorating items with finite time-horizon and time-dependent demand
Yugoslav Journal of Operations Research
fuzzy inventory
deteriorating items
backlogged shortages
dynamic demand
finitetime-horizon
title Multi-item fuzzy inventory model for deteriorating items with finite time-horizon and time-dependent demand
title_full Multi-item fuzzy inventory model for deteriorating items with finite time-horizon and time-dependent demand
title_fullStr Multi-item fuzzy inventory model for deteriorating items with finite time-horizon and time-dependent demand
title_full_unstemmed Multi-item fuzzy inventory model for deteriorating items with finite time-horizon and time-dependent demand
title_short Multi-item fuzzy inventory model for deteriorating items with finite time-horizon and time-dependent demand
title_sort multi item fuzzy inventory model for deteriorating items with finite time horizon and time dependent demand
topic fuzzy inventory
deteriorating items
backlogged shortages
dynamic demand
finitetime-horizon
url http://www.doiserbia.nb.rs/img/doi/0354-0243/2006/0354-02430602161K.pdf
work_keys_str_mv AT kars multiitemfuzzyinventorymodelfordeterioratingitemswithfinitetimehorizonandtimedependentdemand
AT roytk multiitemfuzzyinventorymodelfordeterioratingitemswithfinitetimehorizonandtimedependentdemand
AT maitim multiitemfuzzyinventorymodelfordeterioratingitemswithfinitetimehorizonandtimedependentdemand