Archana Sharma
S.R. Singh
Abstract
In this paper, an inventory model is develop with three parameter Weibull deteriorating items with price dependent demand where the supplier offers a delay in payments. Here, holding cost is linear function of time. Shortage permitted and fully backlogged, The effect of inflation is also considered. This model analyzed under fuzzy environment. By considering fuzzy environment, impreciseness and vagueness can include in this model. Numerical example has given in crisp as well as in fuzzy sense to illustrate the solution of proposed model. Finally, sensitivity analysis is also performed to check robustness of the model.
Keywords- EOQ model, Weibull deterioration, Price-dependent demand, Inflation, Shortages and Fuzzy.