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Constrained and Unconstrained Stochastic Inventory Model with Fuzzy Cost Components and Fuzzy Random Variable

S. Banerjee, T. K. Roy

Abstract


This paper considers Paknejad et al.’s model (multi-item) along with a budgetary and floor space constraints where the demand follows several stochastic distribution. Then the model is analyzed for various fuzzy cost components with chance-constraint under uniform, exponential and normal demands. After that the model is extended as a fuzzy stochastic inventory model. Finally all the possible cases are illustrated numerically.

Keywords


Fuzzy optimizations, Fuzzy probability, lead time demand, fuzzy cost, uniform random variable, normal random variable.

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