Multi-objective fuzzy inventory model with three constraints: a geometric programming approach
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. (C) 2004 Elsevier B.V. All rights reserved.
inventory geometric programming multi-criteria evaluation fuzzy number fuzzy goal programming