A volume flexible fuzzy production inventory model under interactive and simulation approach

DOI10.1504/IJMOR.2012.048903MaRDI QIDQ1753750zbMATH OpenOpenAlexFDO

Authors Barun Das, Manoranjan Maiti

Publication date 29 May 2018

Published in International Journal of Mathematics in Operational Research (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1504/ijmor.2012.048903

zbMATH Keywords

CMGAcontractive mapping genetic algorithmflexible manufacturing systemsFMSfuzzy simulationinteractive approachnecessity approach

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Multi-objective and goal programming (90C29) Approximation methods and heuristics in mathematical programming (90C59)

Review text

Summary: This paper concerns Economic Production Quantity (EPQ) policies with volume flexiblity manufacturing system for deteriorating items. In this situation, the demand occurs in accordance with stock, after a certain level. In order to make more realistic, this paper proposes that the inventory costs, selling price, storage space, and available budget are defined in imprecise nature. The objective is to determine the optimal production rate and time that maximise the total profit of the system. The equivalent multi-objective problem with space and budget constraints is optimised using: (i) interactive fuzzy decision making approach, (ii) necessity approach jointly with fuzzy simulation and Contractive Mapping Genetic Algorithm (CMGA). The model is illustrated numerically and the results obtained from different approaches are compared.

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Cited in

(5)

• The impact of controllable production rates on the performance of inventory systems: a systematic review of the literature
• A pollution sensitive Marxian production inventory model with deterioration under fuzzy system
• Designing a single-vendor and multiple-buyers’ integrated production inventory model for interval type-2 fuzzy demand and fuzzy rule based deterioration
• A volume flexible economic production lot-sizing problem with imperfect quality and random machine failure in fuzzy-stochastic environment
• EPL models with fuzzy imperfect production system including carbon emission: a fuzzy differential equation approach

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