A note on optimal ordering policy for deteriorating items with uncertain maximum lifetime

A note on optimal ordering policy for deteriorating items with uncertain maximum lifetime

As in case of deteriorating items, expiration plays a major role in management of inventory. In addition, maximum lifetime is not available certainly for items like food stuffs, packaged food, electronic items, etc. To incorporate uncertainty, a Fuzzy Economic Ordering Policy is formulated to minimi...

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Bibliographic Details
Main Authors: Kunal T. Shukla, Mihir S. Suthar
Format: Article
Language:English
Published: Taylor & Francis Group 2016-12-01
Series:Cogent Mathematics
Subjects:
fuzzy deteriorating inventory model
maximum lifetime
function principle
graded mean representation method
Online Access:http://dx.doi.org/10.1080/23311835.2016.1232899

Internet

http://dx.doi.org/10.1080/23311835.2016.1232899

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