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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Format: | Article |
Language: | English |
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University of Belgrade
2006-01-01
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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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format | Article |
id | doaj.art-c560441a6e0a4aba8af0e4f2dd7beb2a |
institution | Directory Open Access Journal |
issn | 0354-0243 1820-743X |
language | English |
last_indexed | 2024-12-19T09:06:29Z |
publishDate | 2006-01-01 |
publisher | University of Belgrade |
record_format | Article |
series | Yugoslav Journal of Operations Research |
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 |