Application of fuzzy goal programming approach to multi-objective linear fractional inventory model

D. Dutta and Pavan Kumar

International Journal of Systems Science, 2015, vol. 46, issue 12, 2269-2278

Abstract: In this paper, we propose a model and solution approach for a multi-item inventory problem without shortages. The proposed model is formulated as a fractional multi-objective optimisation problem along with three constraints: budget constraint, space constraint and budgetary constraint on ordering cost of each item. The proposed inventory model becomes a multiple criteria decision-making (MCDM) problem in fuzzy environment. This model is solved by multi-objective fuzzy goal programming (MOFGP) approach. A numerical example is given to illustrate the proposed model.

Date: 2015
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DOI: 10.1080/00207721.2013.860639

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