EOQ MODEL FOR DETERIORATING ITEMS WITH FUZZY DEMAND AND FINITE HORIZON UNDER INFLATION EFFECTS

被引:0
|
作者
Shah, Kunal [1 ]
Joshi, Hardik [2 ]
机构
[1] Kadi Sarva Vishwavidyalaya, Dept Math, SMMPISR, Gandhinagar 382016, Gujarat, India
[2] LJ Univ, LJ Inst Engn & Technol, Dept Math, Ahmadabad 382210, Gujarat, India
关键词
EOQ model; fuzzy demand; fuzzy environment; numerical example; sensitivity analysis; ECONOMIC ORDER QUANTITY; INVENTORY MODEL; SET;
D O I
10.3934/dcdss.2024160
中图分类号
O29 [应用数学];
学科分类号
070104 ;
摘要
. In this research, we explore an innovative finite horizon Economic Order Quantity (EOQ) model for items that deteriorate over time, incorp orating the effects of inflation and fuzzy demand characteristics. By applying the centroid method, we translate the fuzzy objective function into a precise, crisp equivalent. Our study introduces a novel approach to determining the optimal replenishment frequency using advanced calculus techniques. To validate the model, we present detailed numerical examples and conduct a sensitivity analysis to examine how variations in model parameters affect the outcomes. This study advances the field by integrating fuzzy logic with economic inventory models and provides insights into managing inventory with deteriorating items in an inflationary environment.
引用
收藏
页数:12
相关论文
共 50 条
  • [21] An eoq inventory model for weibull distributed deteriorating items under ramp type demand and shortages
    Mandal B.
    OPSEARCH, 2010, 47 (2) : 158 - 165
  • [22] An EOQ Model for deteriorating items with ramp type demand under stock dependent selling rate
    Zhao, PX
    Zhao, QZ
    PROCEEDINGS OF 2003 INTERNATIONAL CONFERENCE ON MANAGEMENT SCIENCE & ENGINEERING, VOLS I AND II, 2003, : 647 - 651
  • [23] An EOQ model for deteriorating items with time varying demand and partial backlogging
    Chang, HJ
    Dye, CY
    JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY, 1999, 50 (11) : 1176 - 1182
  • [24] Optimal pricing, production, and inventory for deteriorating items under demand uncertainty: The finite horizon case
    Duan, Yongrui
    Cao, Yu
    Huo, Jiazhen
    APPLIED MATHEMATICAL MODELLING, 2018, 58 : 331 - 348
  • [25] An EOQ model for deteriorating items with a linear trend in demand and shortages in all cycles
    Chakrabarti, T
    Chaudhuri, KS
    INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS, 1997, 49 (03) : 205 - 213
  • [26] On an EOQ model for deteriorating items with time-varying demand and partial backlogging
    Teng, JT
    Yang, HL
    Ouyang, LY
    JOURNAL OF THE OPERATIONAL RESEARCH SOCIETY, 2003, 54 (04) : 432 - 436
  • [27] An EOQ model for non-instantaneous deteriorating items with partial backlogging and permissible delay in payments under inflation
    Palanivel M.
    Uthayakumar R.
    Palanivel, M. (palanimathsgri@gmail.com), 1600, Inderscience Enterprises Ltd., 29, route de Pre-Bois, Case Postale 856, CH-1215 Geneva 15, CH-1215, Switzerland (26): : 63 - 89
  • [28] Probabilistic EOQ model for deteriorating items under trade credit financing
    De, L. N.
    Goswami, A.
    INTERNATIONAL JOURNAL OF SYSTEMS SCIENCE, 2009, 40 (04) : 335 - 346
  • [29] A Supply Chain Model with deteriorating items under inflation
    Singh, Vikramjeet
    Saxena, Seema
    Gupta, Rajesh Kumar
    Mishra, Nitin Kumar
    Singh, Pushpinder
    2018 4TH INTERNATIONAL CONFERENCE ON COMPUTING SCIENCES (ICCS), 2018, : 119 - 125
  • [30] CRISP AND FUZZY EOQ MODEL FOR PERISHABLE ITEMS WITH RAMP TYPE DEMAND UNDER SHORTAGES
    Sayal, Anu
    Singh, A. P.
    Aggarwal, Deepak
    INTERNATIONAL JOURNAL OF AGRICULTURAL AND STATISTICAL SCIENCES, 2018, 14 : 441 - 452