Multi-objective Linear Fractional Inventory Model of Multi-Products with Price-Dependant Demand Rate in Fuzzy Environment
| Main Author: | Pavan Kumar |
|---|---|
| Format: | Article eJournal |
| Terbitan: |
, 2015
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| Subjects: | |
| Online Access: |
https://zenodo.org/record/3591799 |
Daftar Isi:
- In this paper, we propose a multi-criteria decision making approach for the solution of a multi-product inventory model without shortages. The model is considered over infinite horizon with price-dependant demand rate. The proposed model is formulated as a fractional multi-objective optimisation problem along with four constraints: budget constraint, space constraint, number of order constraint, and budgetary constraint on ordering cost of each item. The proposed inventory model becomes a multiple criteria decision making (MCDM) problem in fuzzy environment. This model is solved by multi-objective fuzzy goal programming (MOFGP) approach. Two numerical examples are given to illustrate the proposed model.