Fuzzy inventory model with two warehouses under possibility constraints

A multi-item inventory model with two-storage facilities is developed with advertisement, price and displayed inventory level-dependent demand in a fuzzy environment (purchase cost, investment amount and storehouse capacity are imprecise). The model is formulated as a single/multi-objective programm...

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Bibliographic Details
Published in:Fuzzy sets and systems Vol. 157; no. 1; pp. 52 - 73
Main Authors: Maiti, Manas Kumar, Maiti, Manoranjan
Format: Journal Article
Language:English
Published: Amsterdam Elsevier B.V 2006
Elsevier
Subjects:
Applied sciences
Exact sciences and technology
Fuzzy chance constraint programming
Fuzzy inventory
Fuzzy simulation
Genetic algorithm
Inventory control, production control. Distribution
Mathematical programming
Necessity
Operational research and scientific management
Operational research. Management science
Reliability theory. Replacement problems
Two-storage inventory
Two-storage inventory
Necessity
Fuzzy simulation
Fuzzy inventory
Genetic algorithm
Fuzzy chance constraint programming
Fuzzy chance
Fuzzy programming
Goal programming
Storage
Facility
Investment cost
Inventory model
ISSN:0165-0114, 1872-6801
Online Access:Get full text
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Summary:A multi-item inventory model with two-storage facilities is developed with advertisement, price and displayed inventory level-dependent demand in a fuzzy environment (purchase cost, investment amount and storehouse capacity are imprecise). The model is formulated as a single/multi-objective programming problem under fuzzy constraint. Constraints are satisfied with some pre-defined necessity and the problem is solved via the Goal Programming Method (GPM) when crisp equivalents of the constraints are available and by a fuzzy simulation-based single/multi-objective genetic algorithm (FSGA/FSMOGA) otherwise. The model is illustrated with some numerical examples and results from different methods are compared in some particular cases.
ISSN:0165-0114
1872-6801
DOI:10.1016/j.fss.2005.06.021