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Multi-objective fuzzy inventory model with three constraints: a geometric programming approach. (English) Zbl 1075.90005
Summary: A multi-item multi-objective inventory model with shortages and demand dependent unit cost has been formulated along with storage space, number of orders and production cost restrictions. In most of the real world situations, the cost parameters, the objective functions and constraints of the decision makers are imprecise in nature. Hence the cost parameters, the objective functions and constraints are imposed here in fuzzy environment. This model has been solved by geometric programming method. The results for the model without shortages are obtained as a particular case. The sensitivity analysis has been discussed for the change of the cost parameters. The models are illustrated with numerical examples.

90B05Inventory, storage, reservoirs
90C70Fuzzy programming
90B50Management decision making, including multiple objectives
Full Text: DOI
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