Fuzzy Inventory Model Case Study
Optimization of Fuzzy Inventory Model with Trended Deterioration and Salvage
*N.K.Sahoo & **P.K.Tripathy
* P.G. Dept. of Mathematics, Utkal University, Bhubaneswar-751004 narenmaths@yahoo.co.in **P.G. Dept. of Statistics, Utkal University, Bhubaneswar-751004 msccompsc@gmail.com Abstract:- This paper deals with the development of a fuzzy inventory model with trended deterioration and salvage. The deterioration rate, holding cost, unit cost and salvage value are taken as trapezoidal fuzzy numbers. Both Graded Mean Integration and Signed Distance Method are used to defuzzify the total cost function. Mathematical model has been developed for determining the optimal order quantity, optimal cycle time and optimal total inventory cost. Numerical
…show more content…
Hsieh, C.H.: Optimization of fuzzy production inventory models. Information Sciences. 146, 29-40 (2002).
8. Jaggi, C.K., Aggarwal, K.K., Goel, S.K.: Optimal order policy for deteriorating items with inflation induced demand. Int. J. Prod. Eccon. 103, 707-714 (2006).
9. Jaggi, C.K., Pareek, S., Sharma, A., Nidhi.: Fuzzy Inventory Model for Deteriorating Items with Time-varying Demand and Shortages. American Journal of Operational Research. 2(6), 81-92 (2012).
10. Kao, C., Hsu, W.K.: Lot size-reorder point inventory model with fuzzy demands. Computers and mathematics with applications. 43, 1291-1302 (2002).
11. Mishra, P., Shah, N.H.: Inventory management of time dependent deteriorating items with salvage value. Applied Mathematical Sciences. 2 (16), 793-798 (2008).
12. Moon, I., Giri, B.C., Ko, B.: Economic order quantity models for ameliorating/ deteriorating items under inflation and time discounting. Eur. J. oper. Res. 162, 773-785 (2005).
13. Park, K.S.: Fuzzy set theoretic interpretation of economic order quantity. IIIE Transactions on Systems, Man and Cybernetics. 17, 1082-1084 (1987).
14. Sarker, B.R., Mukherjee, S., Balan, C.V.: An order-level lot size inventory model with inventory-level dependent demand and deterioration. Int. J. Prod. Eco. 48, 227-236
NT1330 Unit 3 Assignment 1
443 Words | 2 PagesThe knowledge base consists of a collection of fuzzy if-then rules of the following form: $R^{l}$: if $x_1$ is $F_1^{l}$ and $x_2$ is $F_2^{l}$ and $ldots$ and $x_n$ is $F_n^{l}$, then is $G^{l},~l=1,2, cdots ,n$, where $x=[x_1,cdots,x_i]^{T}$ and $y$ are the FLS input and output, respectively. Fuzzy sets $F_i^{l}$ and $G^{l}$, associated with the fuzzy functions $mu_{{F_i}^{l}}(x_i)$ and $mu_{{G}^{l}}(y)$, respectively. $N$ is the rules inference number. \Through singleton function, center average defuzzification and product inference cite{shaocheng2000fuzzy}, the FLS can be expressed as: For any continuous function $f(x)$ defined on a compact set $Omegain R^n$, there exists a fuzzy system $y(x) = heta ^T
Trust And Deception In The Passing Of Grandison
1436 Words | 6 PagesAccessed 17 Mar. 2023. Wright, Susan Prothro, and Ernestine Pickens Glass. Passing in the Works of Charles W. Chesnutt. UniversityPressofMississippi,2010.EBSCOhost,search.ebscohost.c om/login.asp x?direct=true&AuthTy pe=ip,shib&db=nlebk&AN=3108
Influences On 'Anthem' By Ayn Rand
1545 Words | 7 PagesTwayne’s Authors on GVRL. Web. 3 February 2015. <http: go.galegroup.com>. Binswanger, Harry.
Inventory Management Case Study Cabela's
220 Words | 1 PagesLike REI, Cabela’s manages both consumer direct shipments and store replenishments in the same distribution centers. Cabela’s has three distribution centers as well as two returns processing centers. Each distribution and returns centers being 1 million square feet, can process an excess of 800,000 store, consumer and individual orders. Cabela’s only houses 30% of inventory in its distribution centers and the remaining 70% are stocked at its stores (Supply Chain Digest Home, 2008).
V. Corey, 566 F. 2d 429, 431 (1977)
848 Words | 4 Pages(Hammer Br. (De Sole Dkt. No. 214) at 16-17; Hammer Reply Br. (De Sole Dkt. No 240) at 29-31; [*39] Hammer Br.
The 9/11 Recession
1350 Words | 6 Pagesp. 45. EBSCOhost, search.ebscohost.com/login.aspx?direct=true&db=f5h&AN=86454625. Accessed. Apr. 17. 2017.
Nt1310 Unit 3 Data Collection
616 Words | 3 PagesIt is imperative to understand the current conditions of what materials are candidates for return, compared to the performance level of returns achieved each day. The delta between the identified material returns and the actual returns will provide information for goal setting. Additionally, with the transfer of raw materials into the warehouse, there must be a transaction to receive it into inventory and distribute it to the appropriate location. At that point, the process will be complete for the appropriate accounting of the materials, creating availability for consumption at the next production demand. The data collected will be influential in developing a robust procedure for each assembly line to follow in a consistent manner.
Arguments Against Universal Healthcare
733 Words | 3 Pages(Emanuel and Fuchs, 2005). References Emanuel, E. & Fuchs, V. (2005). Solved! Washington Monthly, Vol.
Fahrenheit 451 Analysis
753 Words | 4 PagesWeb. 2 May 2014. Document URL http://go.galegroup.com/ps/i.do?id=GALE%7CH1420002699&v=2 1&u= cclc_reed&it= r&p=LitRC&sw
Essay On Strong Interest Inventory
887 Words | 4 PagesAfter seeing the strong interest inventory report, I am not surprised by my results. It was pretty much what I had expected. Among the six general occupational themes, I learned that the three I scored the highest in were conventional (C), social (S), and enterprising (E). I scored highest in the conventional theme because it is the one that most accurately reflects my work personality. As a matter of fact, I am an organized person.
Domino's Value Chain Analysis
1791 Words | 8 PagesThe Value Chain 4 4. Operations Strategy Implications (Store level) 5 5. Inventory Management and Demand Forecasting 9 6. Supply Chain Management 9 7. Quality Management 11 8.
H & M Value Chain Analysis Model
3035 Words | 13 PagesTerms of Reference H&M also known as Hennes & Mauritz is one of the most leading apparel companies globally; one of creativity and style. The company is one which believes that it should offer to its customers fashion and quality at the best price. The aim of this report is to assess H&M’s company organizational culture as well as the core competencies and capabilities of the company; and how it has used these to attain the position at which it is at today in the fashion and apparel industry.
Tesla Supply Chain Analysis
1409 Words | 6 PagesIn case, the demand fluctuates suddenly we adjust the supply by transporting our excess inventory or take some inventory from other distribution centres where sales are comparatively less. Tesla faces a rush order situation mostly in around festival time. To decrease the lead time, transportation costs and the excess inventory company have decided to invest in efficient and cost effective warehouses.
More about Fuzzy Inventory Model Case Study
NT1330 Unit 3 Assignment 1
443 Words | 2 PagesA Case Of Marbury V. Madison Chief Justice John Marshall
812 Words | 4 PagesTrust And Deception In The Passing Of Grandison
1436 Words | 6 PagesInfluences On 'Anthem' By Ayn Rand
1545 Words | 7 PagesAnnotated Bibliography On Fahrenheit 451
1842 Words | 8 PagesInventory Management Case Study Cabela's
220 Words | 1 PagesV. Corey, 566 F. 2d 429, 431 (1977)
848 Words | 4 PagesThe 9/11 Recession
1350 Words | 6 PagesNt1310 Unit 3 Data Collection
616 Words | 3 PagesArguments Against Universal Healthcare
733 Words | 3 PagesFahrenheit 451 Analysis
753 Words | 4 PagesEssay On Strong Interest Inventory
887 Words | 4 PagesDomino's Value Chain Analysis
1791 Words | 8 PagesH & M Value Chain Analysis Model
3035 Words | 13 PagesTesla Supply Chain Analysis
1409 Words | 6 Pages