Fuzzy Inventory Model for Power Demand Pattern with Shortages, Inflation under Permissible Delay in Payment
Wasim Akram Mandal1, Sahidul Islam2
1Wasim Akram Mandal, Beldanga D. H. Sr. Madrasah, Beldanga742189, Murshidabad, West Bengal, India.
2Sahidul Islam, Department of Mathematics, University of Kalyani, Kalyani, West Bengal, India.
Manuscript Received on July 01, 2015. | Revised Manuscript Received on July 02, 2015. | Manuscript published on July 20, 2015. | PP: 1-7 | Volume-3 Issue-8, July 2015. | Retrieval Number: H0646073815/2015©BEIESP
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© The Authors. Blue Eyes Intelligence Engineering and Sciences Publication (BEIESP). This is an open access article under the CC BY-NC-ND license (http://creativecommons.org/licenses/by-nc-nd/4.0/)
Abstract: In this paper fuzzy inventory model for non deteriorating item with power demand pattern, shortage under partially backlogged, inflation and consideration of permissible delay in payment is formulated and solved. Fuzziness is applying by allowing the cost components (holding cost, shortage cost, etc) and inflation. In fuzzy environment it considered all required parameter to be pentagonal fuzzy numbers. The purpose of the model is to minimize total cost function.
Keywords: Inventory, Power demand, Fuzzy number, Shortages, Inflation, Pentagonal fuzzy number