Application of fuzzy goal programming approach to multi-objective linear fractional inventory model

In this paper, we propose a model and solution approach for a multi-item inventory problem without shortages. The proposed model is formulated as a fractional multi-objective optimisation problem along with three constraints: budget constraint, space constraint and budgetary constraint on ordering c...

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Vydáno v:International journal of systems science Ročník 46; číslo 12; s. 2269 - 2278
Hlavní autoři: Dutta, D., Kumar, Pavan
Médium: Journal Article
Jazyk:angličtina
Vydáno: Taylor & Francis 10.09.2015
Témata:
Budgeting
fractional programming
Fuzzy
Fuzzy logic
Fuzzy set theory
Goal programming
inventory model
Mathematical models
membership function
multi-objective optimisation
Optimization
Shortages
ISSN:0020-7721, 1464-5319
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Shrnutí:In this paper, we propose a model and solution approach for a multi-item inventory problem without shortages. The proposed model is formulated as a fractional multi-objective optimisation problem along with three constraints: budget constraint, space constraint and budgetary constraint on ordering cost of each item. The proposed inventory model becomes a multiple criteria decision-making (MCDM) problem in fuzzy environment. This model is solved by multi-objective fuzzy goal programming (MOFGP) approach. A numerical example is given to illustrate the proposed model.
Bibliografie:ObjectType-Article-1
SourceType-Scholarly Journals-1
ObjectType-Feature-2
content type line 23
ISSN:0020-7721
1464-5319
DOI:10.1080/00207721.2013.860639