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Basavarajappa, S.
- A Stochastic Model for Inventory Cost Calculation with Fuzzy Demand
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Authors
Affiliations
1 Dept. of Industrial Engg. & Management, Siddaganga Institute of Technology, Tumkur, IN
2 Dept. of Studies in Mechanical Engg., University BDT College of Engg., Davangere, IN
3 VIT University, Vellore, IN
1 Dept. of Industrial Engg. & Management, Siddaganga Institute of Technology, Tumkur, IN
2 Dept. of Studies in Mechanical Engg., University BDT College of Engg., Davangere, IN
3 VIT University, Vellore, IN
Source
Manufacturing Technology Today, Vol 10, No 10 (2011), Pagination: 23-30Abstract
In the traditional inventory systems, demand and lead time data are assumed to be available and follow some probability distribution mostly normal. But in reality supply chain is dynamic in nature and associated with lots of uncertainties. In this paper an attempt is made to model (Q,r) (optimum order quantity, reorder point) policy in uncertain supply chain environment. Imprecise demand is modeled using fuzzy set theory and an iterative procedure is developed to calculate optimum order quantity, reorder point and total cost of maintaining inventory. The iterative procedure is demonstrated using a numerical example and obtained numerical results are compared with their crisp counterpart.Keywords
Continuous Review, (Q,R) Policy, Fuzzy Demand, Triangular Fuzzy Number, Extension Principle.- Investigation on the Effect of Graphite Reinforcement on Drilling of AL/SiCp Metal Matrix Composite-A Statistical Approach
Abstract Views :148 |
PDF Views:0
Authors
Affiliations
1 Dept. of Studies in Mechanical Engg., University BDT College of Engg., Davangere, IN
2 Karpagam College of Engg., Coimbatore, IN
1 Dept. of Studies in Mechanical Engg., University BDT College of Engg., Davangere, IN
2 Karpagam College of Engg., Coimbatore, IN