Fuzzy inventory model for time dependent deteriorating items with lead time stock dependent demand rate and shortages
International Journal of Development Research
Fuzzy inventory model for time dependent deteriorating items with lead time stock dependent demand rate and shortages
Received 19th July, 2017; Received in revised form 24th August, 2017; Accepted 17th September, 2017; Published online 10th October, 2017
Copyright ©2017, Palani and Maragatham. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.
In this paper a deterministic fuzzy inventory model for time dependent deteriorating items with lead time and stock dependent demand rate has been developed. The ordering cost, deterioration cost, holding cost and shortage cost are assumed as triangular fuzzy number. In this model shortages are allowed during the lead time and completely backlogged. An economic order quantity (EOQ) has been obtained. The derived model is illustrated by a numerical example.
