UGC Approved Journal no 63975

ISSN: 2349-5162 | ESTD Year : 2014
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Published in:

Volume 6 Issue 6
June-2019
eISSN: 2349-5162

UGC and ISSN approved 7.95 impact factor UGC Approved Journal no 63975

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Published Paper ID:
JETIR1908A85


Registration ID:
227129

Page Number

945-957

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Title

SOLUTION OF A MULTI OBJECTIVE STOCHASTIC INVENTORY MODEL WITH FUZZY COST COMPONENTS: AN INTUITIONISTIC FUZZY GEOMETRIC PROGRAMMING TECHNIQUE

Abstract

Paknejad et al.’s model is considered in this paper. Itemwise multiobjective models for both exponential and uniform lead-time demand are taken and the results are compared numerically both in Intuitionistic fuzzy optimization and intuitionistic fuzzy geometric programming techniques. Objective of this paper is to establish that intuitionistic fuzzy geometric programming method is better than usual intuitionistic fuzzy optimization technique as expected annual cost of this inventory model is more minimized in case of intuitionistic fuzzy geometric programming method. As a single objective stochastic inventory model where the lead-time demand follows normal distribution and with varying defective rate, expected annual cost is also measured. Finally the model considers for fuzzy cost components, which make the model more realistic, and numerical values for uniform, exponential lead time demand are compared.

Key Words

Intuitionistic fuzzy optimization, Intuitionistic fuzzy geometric programming, Fuzzy Geometric Programming, fuzzy cost components, stochastic inventory.

Cite This Article

"SOLUTION OF A MULTI OBJECTIVE STOCHASTIC INVENTORY MODEL WITH FUZZY COST COMPONENTS: AN INTUITIONISTIC FUZZY GEOMETRIC PROGRAMMING TECHNIQUE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org), ISSN:2349-5162, Vol.6, Issue 6, page no.945-957, June 2019, Available :http://www.jetir.org/papers/JETIR1908A85.pdf

ISSN


2349-5162 | Impact Factor 7.95 Calculate by Google Scholar

An International Scholarly Open Access Journal, Peer-Reviewed, Refereed Journal Impact Factor 7.95 Calculate by Google Scholar and Semantic Scholar | AI-Powered Research Tool, Multidisciplinary, Monthly, Multilanguage Journal Indexing in All Major Database & Metadata, Citation Generator

Cite This Article

"SOLUTION OF A MULTI OBJECTIVE STOCHASTIC INVENTORY MODEL WITH FUZZY COST COMPONENTS: AN INTUITIONISTIC FUZZY GEOMETRIC PROGRAMMING TECHNIQUE", International Journal of Emerging Technologies and Innovative Research (www.jetir.org | UGC and issn Approved), ISSN:2349-5162, Vol.6, Issue 6, page no. pp945-957, June 2019, Available at : http://www.jetir.org/papers/JETIR1908A85.pdf

Publication Details

Published Paper ID: JETIR1908A85
Registration ID: 227129
Published In: Volume 6 | Issue 6 | Year June-2019
DOI (Digital Object Identifier):
Page No: 945-957
Country: -, -, - .
Area: Engineering
ISSN Number: 2349-5162


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