IJPAM: Volume 99, No. 1 (2015)

ON FUZZY INVENTORY MODEL
WITH ALLOWABLE SHORTAGE

D. Stephen Dinagar$^1$, J. Rajesh Kannan$^2$
$^1$PG. and Research Department of Mathematics
T.B.M.L College
Porayar, INDIA
$^2$Department of Basic Engineering
S.S.P. College
Puthur, INDIA


Abstract. In this paper, the fuzzy inventory model with allowable shortage has been considered in a fuzzy environment using the new hexagonal fuzzy numbers. Our goal is to determine the fuzzy optimal total cost and fuzzy optimal order quantity for the proposed inventory model. Holding cost, Ordering cost, Shortage cost and Demand are taken as in terms of Hexagonal fuzzy numbers. New arithmetic operations are defined and applied in sensitivity analysis. A relevant numerical example is also included, to justify the proposed notion.

Received: July 31, 2014

AMS Subject Classification: 03E72, 90B05

Key Words and Phrases: hexagonal fuzzy numbers, fuzzy inventory model, fuzzy optimal total cost, fuzzy optimal order quantity, allowable shortage

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DOI: 10.12732/ijpam.v99i1.6 How to cite this paper?

Source: International Journal of Pure and Applied Mathematics
ISSN printed version: 1311-8080
ISSN on-line version: 1314-3395
Year: 2015
Volume: 99
Issue: 1
Pages: 65 - 76


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