Fuzzy Inventory Model for Deteriorating Items with Time Dependent Demand and Partial Backlogging

Abstract

In this paper we developed a fuzzy inventory model for deteriorating items with time dependent demand rate. Shortages are allowed and completely backlogged. The backlogging rate of unsatisfied demand is assumed to be a decreasing exponential function of waiting time. The demand rate, deterioration rate and backlogging rate are assumed as a triangular fuzzy numbers. The purpose of our study is to defuzzify the total profit function by signed distance method and centroid method. Further a numerical example is also given to demonstrate the developed crisp and fuzzy models. A sensitivity analysis is also given to show the effect of change of the parameters.

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Kumar, S. and Rajput, U. (2015) Fuzzy Inventory Model for Deteriorating Items with Time Dependent Demand and Partial Backlogging. Applied Mathematics, 6, 496-509. doi: 10.4236/am.2015.63047.

Conflicts of Interest

The authors declare no conflicts of interest.

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