Fuzzy Inventory Model Case Study

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Optimization of Fuzzy Inventory Model with Trended Deterioration and Salvage
*N.K.Sahoo & **P.K.Tripathy
* P.G. Dept. of Mathematics, Utkal University, Bhubaneswar-751004 narenmaths@yahoo.co.in **P.G. Dept. of Statistics, Utkal University, Bhubaneswar-751004 msccompsc@gmail.com Abstract:- This paper deals with the development of a fuzzy inventory model with trended deterioration and salvage. The deterioration rate, holding cost, unit cost and salvage value are taken as trapezoidal fuzzy numbers. Both Graded Mean Integration and Signed Distance Method are used to defuzzify the total cost function. Mathematical model has been developed for determining the optimal order quantity, optimal cycle time and optimal total inventory cost. Numerical …show more content…
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