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A Fuzzy Arithmetic Approach for Perishable Items in Discounted Entropic Order Quantity Model
Monalisha Pattnaik, P.K. Tripathy
Pages - 7 - 19 | Revised - 31-01-2011 | Published - 08-02-2011
MORE INFORMATION
KEYWORDS
Discounted selling price, Fuzzy, Instant deterioration, Inventory
ABSTRACT
This paper uses fuzzy arithmetic approach to the system cost for perishable items with instant deterioration for the discounted entropic order quantity model. Traditional crisp system cost observes that some costs may belong to the uncertain factors. It is necessary to extend the system cost to treat also the vague costs. We introduce a new concept which we call entropy and show that the total payoff satisfies the optimization property. We show how special case of this problem reduce to perfect results, and how post deteriorated discounted entropic order quantity model is a generalization of optimization. It has been imperative to demonstrate this model by analysis, which reveals important characteristics of discounted structure. Further numerical experiments are conducted to evaluate the relative performance between the fuzzy and crisp cases in EnOQ and EOQ separately.
| 1 | Pattnaik, M. (2014). Optimality test in fuzzy inventory model for restricted budget and space: Move forward to a non-linear programming approach. Yugoslav Journal of Operations Research ISSN: 0354-0243 EISSN: 2334-6043, 25(2). |
| 2 | Pattnaik, M. (2014). Optimization in fuzzy economic order quantity (FEOQ) model with deteriorating inventory and units lost. LogForum, 3(10), 247-262. |
| 3 | Pattnaik, M. (2013). A note on profit-maximization fuzzy EOQ models for deteriorating items with two dimensional sensitive demand. International Journal of Management Science and Engineering Management, 8(4), 229-240. |
| 4 | Tripathy, P. K., Pattnaik, M., & Tripathy, P. (2012). Optimal Promotion and Replenishment Policies for Profit Maximization Model under Lost Units. American Journal of Operations Research, 2(02), 260. |
| 5 | Pattnaik, M. (2012). Effect of deteriorating items and promotional effort factor in fuzzy instantaneous replenishment model. International Journal of Management Science and Engineering Management, 7(4), 303-311. |
| 6 | Tripathy, P. K., Pattnaik, M., & Tripathy, P. (2012). The finite horizon trended continuous inventory replenishment and pricing problems for deteriorating items with stock and price sensitive demand. Investigaciones Operacionales, 33(1), 1-12. |
| 7 | Pattnaik, M. Variable Ordering Cost, Promotional Effort Cost and Units Lost due to Deterioration in Fuzzy Economic Order Quantity (FEOQ) Model. |
| 8 | Pattnaik, M. (2011). A note on non linear optimal inventory policy involving instant deterioration of perishable items with price discounts. The Journal of Mathematics and Computer Science, 3(2), 145-155. |
| 9 | Tripathy, P. K., Pattnaik, M., & Tripathy, P. Acerca de los autores/as. |
| 10 | Pattnaik, M. The Journal of Mathematics and Computer Science. |
| 11 | Pattnaik, M. Paper Infomation. |
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Mr. Monalisha Pattnaik
Utkal University - India
monalisha_1977@yahoo.com
Dr. P.K. Tripathy
- India
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