Optimal production inventory policy for defective items with fuzzy time period |
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Authors: | S Mandal K Maity S Mondal M Maiti |
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Institution: | 1. Department of Mathematics, Mugberia Gangadhar Mahavidyalaya, Purba Medinipur, Mugberia 721 425, India;2. Department of Mathematics, Vidyasagar University, Paschim Medinipur, Midnapore 721 102, India |
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Abstract: | In this paper, an optimal production inventory model with fuzzy time period and fuzzy inventory costs for defective items is formulated and solved under fuzzy space constraint. Here, the rate of production is assumed to be a function of time and considered as a control variable. Also the demand is linearly stock dependent. The defective rate is taken as random, the inventory holding cost and production cost are imprecise. The fuzzy parameters are converted to crisp ones using credibility measure theory. The different items have the different imprecise time periods and the minimization of cost for each item leads to a multi-objective optimization problem. The model is under the single management house and desired inventory level and product cost for each item are prescribed. The multi-objective problem is reduced to a single objective problem using Global Criteria Method (GCM) and solved with the help of Fuzzy Riemann Integral (FRI) method, Kuhn–Tucker condition and Generalised Reduced Gradient (GRG) technique. In optimum results including production functions and corresponding optimum costs for the different models are obtained and then are presented in tabular forms. |
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Keywords: | Fuzzy time period Dynamic production Defective items Credibility |
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