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Mandeep Singh An Inventory Model with Fuzzy Valued Inventory Costs under Inflation Price and Time Dependent Demand

Gaurav Gupta Corresponding Author

Department of Mathematics, V R A L Govt Girls Degr ee College, Bareilly, 243006, U.P.

JournalPIJST
Volume / Issue1 / 7
Pages19–31
Published31 Jul 2024
Paper IDPIJST17J24003
Views / Downloads1 / 1

Article summary

Abstract

- In this work, we have created a fuzzy inventory model for degrading goods that takes the system’s impact of inflation into account and includes price and time-dependent demand. If there are any shortages, they are permitted and will be partially backlogged at a variable rate based on how long it takes for the next lot to arrive. The corresponding problem has been presented as an optimisation problem with constraints that is nonlinear; all of the cost parameters have been addressed with fuzzy values. To demonstrate the paradigm, a numerical example has been examined, and the key findings are highlighted. Ultimately, using these instances as a basis, sensitivity assessments were conducted by examining one parameter at a time while maintaining the same values for the other parameters.

Keywords

Inventorydeteriorationtime dependent demandpartially backlogged shortageinflationfuzzy valued inventory costs

Citation record

How to cite this article

Gaurav Gupta (2024). Mandeep Singh An Inventory Model with Fuzzy Valued Inventory Costs under Inflation Price and Time Dependent Demand. Procedure International Journal of Science and Technology, 1(7), 19–31. https://doi.org/10.62796/pijst.2024v1i7003

Gaurav Gupta. “Mandeep Singh An Inventory Model with Fuzzy Valued Inventory Costs under Inflation Price and Time Dependent Demand.” Procedure International Journal of Science and Technology, vol. 1, no. 7, 2024, pp. 19–31. https://doi.org/10.62796/pijst.2024v1i7003

Gaurav Gupta. “Mandeep Singh An Inventory Model with Fuzzy Valued Inventory Costs under Inflation Price and Time Dependent Demand.” Procedure International Journal of Science and Technology 1, no. 7 (2024): 19–31. https://doi.org/10.62796/pijst.2024v1i7003

Gaurav Gupta (2024) ‘Mandeep Singh An Inventory Model with Fuzzy Valued Inventory Costs under Inflation Price and Time Dependent Demand’, Procedure International Journal of Science and Technology, 1(7), pp. 19–31. Available at: https://doi.org/10.62796/pijst.2024v1i7003.

Gaurav Gupta, “Mandeep Singh An Inventory Model with Fuzzy Valued Inventory Costs under Inflation Price and Time Dependent Demand,” Procedure International Journal of Science and Technology, vol. 1, no. 7, pp. 19–31, 2024. https://doi.org/10.62796/pijst.2024v1i7003.

Gaurav Gupta. Mandeep Singh An Inventory Model with Fuzzy Valued Inventory Costs under Inflation Price and Time Dependent Demand. Procedure International Journal of Science and Technology. 2024;1(7):19–31. https://doi.org/10.62796/pijst.2024v1i7003.

Gaurav Gupta. Mandeep Singh An Inventory Model with Fuzzy Valued Inventory Costs under Inflation Price and Time Dependent Demand. Procedure International Journal of Science and Technology 2024, 1 (7), 19–31. https://doi.org/10.62796/pijst.2024v1i7003.

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Published31 Jul 2024
DOI assigned31 Jul 2024
Record versionVersion of Record

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Copyright © 2024 Author(s). This work is published by Procedure International Journal of Science and Technology under the Creative Commons Attribution-NonCommercial 4.0 International. Authors retain copyright and grant the journal the right of first publication.

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References

Showing first 3 of 62 references.

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