A Cloudy Fuzzy Inventory System to Deteriorate Price-Dependent Demands

Authors

  • Milu Acharya, Swagatika Sahoo, Mitali Madhusmita Nayak

Abstract

In this paper, we have developed both fuzzy models, like cloudy fuzzy models, and crisp inventory models for deteriorating goods where demand takes the form of selling price in strength. Unlike all the fuzzy models, when we're doing cloudy fuzzy model defuzzification, we see the fuzziness can only be removed as time goes by. Here, either using Yager's index method or extension of Yager's ranking index method for different fuzzy models, we defuzzify the performance. For each model, numerical examples are given, and sensitivity analysis is performed to know the changes occur by adjusting the values of different parameters.Graphical diagrams are created in order to help explain the utility of the models and ultimately, we establish a hypothesis and scope of potential research.

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Published

2020-05-17

Issue

Section

Articles