FUZZY STOCHASTIC INVENTORY MODEL FOR DETERIORATING ITEM

  • Raul H WALIV Faculty of Science Kisan Veer Mahavidyalaya, Wai Maharashatra(INDIA)
  • Hemant P UMAP, dr Faculty of Science Y.C.Institute of Sciences, Satara, Maharashatra(INDIA)

Abstract

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.

Published
2016-10-11
How to Cite
WALIV, Raul H; UMAP, Hemant P. FUZZY STOCHASTIC INVENTORY MODEL FOR DETERIORATING ITEM. Yugoslav Journal of Operations Research, [S.l.], v. 27, n. 1, p. 91–97, oct. 2016. ISSN 2334-6043. Available at: <https://yujor.fon.bg.ac.rs/index.php/yujor/article/view/25>. Date accessed: 05 dec. 2024.
Citation Formats
Issue
Vol 27 No 1 (2017)
Section
Articles
Creative Commons License

This work is licensed under a Creative Commons Attribution-NonCommercial-NoDerivatives 4.0 International License.

Most read articles by the same author(s)

Obs.: This plugin requires at least one statistics/report plugin to be enabled. If your statistics plugins provide more than one metric then please also select a main metric on the admin's site settings page and/or on the journal manager's settings pages.