Title :
Fuzzy warehouse inventory model for items with imperfect quality under trade credit policy and inflationary conditions
Author :
Singh, S.R. ; Saxena, Pratiksha
Author_Institution :
Dept. of Math., DN (PG) Coll., Meerut, India
Abstract :
The objective of this study is to derive the optimal retailer´s replenishment policy for imperfect quality items in fuzzy environment. The effect of permissible delay in payments is also considered. It is assumed that production rate depends on the demand rate. Due to different preservation facilities, we consider that the deterioration rate is time dependent in own warehouse (O.W) and Wei-bull distribution in rented warehouse (R.W). The ordering cost, purchasing cost, holding cost and selling price are taken as fuzzy numbers.
Keywords :
commerce; inflation (monetary); warehouse automation; Wei-bull distribution; demand rate; fuzzy environment; fuzzy warehouse inventory model; holding cost; inflationary conditions; optimal retailer replenishment policy; ordering cost; production rate; purchasing cost; rented warehouse; selling price; trade credit policy; Computational intelligence; Computational modeling; Delays; Integrated circuits; Mathematical model; Production; Sensitivity analysis; Deterioration; Fuzzy; Inflation; Permissible delay in payment; supply chain; warehouse;
Conference_Titel :
Computational Intelligence on Power, Energy and Controls with their impact on Humanity (CIPECH), 2014 Innovative Applications of
Conference_Location :
Ghaziabad
DOI :
10.1109/CIPECH.2014.7019050