Fuzzy stochastic inventory model for deteriorating item | Zendy

Rahul Waliv | Zendy; Hemant Umap | Zendy

AI Assistant Blog Pricing

Home ZAIA Blog

Open Access

Fuzzy stochastic inventory model for deteriorating item

Author(s) -

Rahul Waliv,

Hemant Umap

Publication year - 2016

Publication title -

yugoslav journal of operations research

Language(s) - English

Resource type - Journals

SCImago Journal Rank - 0.221

H-Index - 21

eISSN - 1820-743X

pISSN - 0354-0243

DOI - 10.2298/yjor150330010w

Subject(s) - mathematical optimization , fuzzy logic , randomness , linear programming , purchasing , stochastic programming , profit maximization , mathematics , computer science , profit (economics) , economics , artificial intelligence , statistics , operations management , microeconomics

A multi item profit maximization inventory model is developed in fuzzy stochastic environment. Demand is taken as Stock dependent demand. Available storage space is assumed to be imprecise and vague in nature. Impreciseness has been expressed by linear membership function. Purchasing cost and investment constraint are considered to be random and their randomness is expressed by normal distribution. The model has been formulated as a fuzzy stochastic programming problem and reduced to corresponding equivalent fuzzy linear programming problem. The model has been solved by using fuzzy linear programming technique and illustrated numerically

The content you want is available to Zendy users.

Already have an account? Click here to sign in.

Having issues? You can contact us here

Accelerating Research