Fuzzy Inventory System of Perishable Items with Reliability and Time Varying Demand

Authors

  • Sushil Kumar  Department of Mathematics and Astronomy, University of Lucknow-Lucknow, U.P., India

Keywords:

Inventory, Perishability, Partial-backlogging, Reliability and Time Dependent Exponential Demand Rate.

Abstract

The proposed paper develops a deterministic inventory system of perishable items with reliability and time varying exponential demand. Reliability of products is one of the important factor in the success of every real life business organization. So highly reliable products are mostly preferred by the business organizations for optimization of their total cost/profit. A partially backlogging shortage is considered in the proposed inventory system and it is assumed that the unsatisfied demand is a function of waiting time. The objective of the present study is to optimizes the total variable inventory cost both in crisp and fuzzy seance. To support the study, a numerical example is given to show the validity of the developed model and also the behavior of key parameters in the optimal solution.

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International Journal of Scientific Research in Science and Technology

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Published

2019-06-13

Issue

Volume 6, Issue 3, May-June-2019

Section

Research Articles

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How to Cite

[1]
Sushil Kumar, " Fuzzy Inventory System of Perishable Items with Reliability and Time Varying Demand, International Journal of Scientific Research in Science and Technology(IJSRST), Online ISSN : 2395-602X, Print ISSN : 2395-6011, Volume 6, Issue 3, pp.910-927, May-June-2019.