Logforum. 2016. 12(3), article 1, 193-198; DOI: https://doi.org/10.17270/J.LOG.2016.3.1
FUZZY ECONOMIC PRODUCTION QUANTITY MODEL WITH TIME DEPENDENT DEMAND RATE
Susanta Kumar Indrajitsingha1, Sudhansu Sekhar Routray2, Susanta Kumar Paikray3, Umakanta Misra4
1Berhampur University, Odisha, India
2Ravenshaw University, Cuttack, Odisha, India
3VSSUT, Burla, Odisha, India
4NIST, Golanthara, Berhampur, Odisha, India
Abstract:
Background: In this paper, an economic production quantity model is considered under a fuzzy environment. Both the demand cost and holding cost are considered using fuzzy pentagonal numbers. The Signed Distance Method is used to defuzzify the total cost function.
Methods: The results obtained by these methods are compared with the help of a numerical example. Sensitivity analysis is also carried out to explore the effect of changes in the values of some of the system parameters.
Results and conclusions: The fuzzy EPQ model with time dependent demand rate was presented together with the possible implementation. The behavior of changes in parameters was analyzed. The possible extension of the implementation of this method was presented.
Keywords: Inventory, Pentagonal Fuzzy Number, Signed Distance Method
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For citation:
| MLA | Indrajitsingha, Susanta Kumar, et al. "Fuzzy economic production quantity model with time dependent demand rate." Logforum 12.3 (2016): 1. DOI: https://doi.org/10.17270/J.LOG.2016.3.1 |
| APA | Susanta Kumar Indrajitsingha, Sudhansu Sekhar Routray, Susanta Kumar Paikray, Umakanta Misra (2016). Fuzzy economic production quantity model with time dependent demand rate. Logforum 12 (3), 1. DOI: https://doi.org/10.17270/J.LOG.2016.3.1 |
| ISO 690 | INDRAJITSINGHA, Susanta Kumar, et al. Fuzzy economic production quantity model with time dependent demand rate. Logforum, 2016, 12.3: 1. DOI: https://doi.org/10.17270/J.LOG.2016.3.1 |