A production inventory model with fuzzy coefficients using parametric geometric programming approach
In general, cost constant parameters of inventory or production models are not rigid in real life rather these are imprecise in nature. In this paper we have presented imprecise cost constant parameters for an economic production quantity model. The unit production cost of this economic production quantity model is demand and reliability dependent. The imprecise parameters of the production model are considered as fuzzy in nature. The fuzzy model is solved by fuzzy parametric geometric programming technique. Finally, production model is numerically illustrated using fuzzy parametric geometric programming.
production inventory parametric geometric programming economic order quantity fuzzy set