International Journal in Management & Social Science
  • Year: 2017
  • Volume: 5
  • Issue: 8

Fuzzy Inventory Model for Slow and Fast Growing Items with Deterioration Constraints in a Single Period

  • Author:
  • K. Dhanam1, W. Jesintha2
  • Total Page Count: 10
  • Page Number: 308 to 317

1Associate Professor, Department of Mathematics, Government Arts College for Women (Autonomous)-Pudukkottai

2Research Scholar, Department of Mathematics Government, Arts College for Women (Autonomous)-Pudukkottai

AMS Subject Classification (2010): 90B05

Abstract

In this paper, a fuzzy inventory model with random demand rate for two items with deteriorateconstraints have been proposed. The Lower-Upper (L-U) bud with rhombus fuzzy number is defined and its properties are given. The proposed model is formulated in fuzzy environment.ie., the parameters involved in this model are represented by L-Ubud with rhombus fuzzy number. The agreement index of L-Ubud with rhombus fuzzy number is explained and using this technique the total cost is defuzzified. Maximum inventory level per period is determined. A numerical example is given to illustrate both the proposed crisp model and fuzzy model.

Keywords

Random demand rate, L-U bud with rhombus fuzzy number, agreement index technique