The key issue of inventory management is the problem of safety stock control. The existence of imprecise data makes this control complex. Fuzzy logic (FL) is widely used to develop expert system, due to its ability in representing imprecise data. Therefore, in this study a fuzzy logic system and theory have been used that incorporate the linguistic variable more practically and also help in eli...

An inventory model of deteriorating seasonal products with Maximum Retail Price (MRP) for a wholesaler having showrooms at different places under a single management system is considered under random business periods with fuzzy resource constraints. The wholesaler replenishes the products instantaneously and earns commissions on MRP which vary with the ordered quantities following All Unit Disc...

In today’s business a close operation is necessary to decrease the joint total inventory cost. According to Simchi-Levi et al (2000) several international companies have demonstrated that integrating the supply chain has improved the company’s performance and market share. This paper considers an inventory vendor-buyer integrated system in a fuzzy situation by employing the type of fuzzy number...

Abstract: While in multi-periodic inventory control problems the usual assumption are that the orders are placed at the beginning of each period (periodic review) or depending on the inventory level they can happen at any time (continuous review), in this research, we relax these assumptions and assume that the periods between two replenishments of the products are independent and identically d...

In the present paper, an inventory model without shortages has been considered in a fuzzy environment. Our goal is to determine the optimal total cost and the optimal order quantity for the proposed inventory model. The Trapezoidal fuzzy numbers have been introduced in order to achieve this goal. The computation of economic order quantity (EOQ) is carried out through defuzzification process by ...

This paper analyzes a single-period inventory model of profit maximization with a reordering strategy in an imprecise environment. The entire period is divided into two slots and the customer demand is considered as a fuzzy number in situations where the demand in each slot is linguistic in nature and characterized as ‘demand is about d’. The reordering is to be done during the mid-season after...