Fuzzification of EOQ Model Under the Condition of Permissible Delay in Payments

Chandra K. Jaggi, Anuj Sharma and Reena Jain
Additional contact information
Chandra K. Jaggi: University of Delhi, India
Anuj Sharma: University of Delhi, India
Reena Jain: University of Delhi, India

International Journal of Strategic Decision Sciences (IJSDS), 2012, vol. 3, issue 2, 1-19

Abstract: This paper formulates an economic order quantity inventory model under the condition of permissible delay in payments in fuzzy environment. All the parameters of the model, excluding permissible delay period and cycle length, are taken to be trapezoidal Fuzzy numbers. The arithmetic operations are defined under the function principle. The cost function has been defuzzified using signed distance method and thereby solved to obtain the optimal replenishment period. The numerical example is presented to show the validity of the model followed by sensitivity analysis.

Date: 2012
References: Add references at CitEc
Citations:

Downloads: (external link)
http://services.igi-global.com/resolvedoi/resolve. ... 4018/jsds.2012040101 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:igg:jsds00:v:3:y:2012:i:2:p:1-19

Access Statistics for this article

International Journal of Strategic Decision Sciences (IJSDS) is currently edited by Saeed Tabar

More articles in International Journal of Strategic Decision Sciences (IJSDS) from IGI Global
Bibliographic data for series maintained by Journal Editor ().