Fuzzified Analysis of Deteriorating Inventory Model with Decreasing Demand and Changing Holding Cost

Abstract

This paper intends to analyze an inventory model for perishable items with decreasing demand and changing holding cost in fuzzy environment by using fuzzy paradigm in order to obtain more realistic performance measure in the form of optimal total cost of the system. A non-linear equation has been developed and solved by MATHEMATICA to provide optimal total cost of the model to compare the same result obtained in crisp environment. A sensitivity analysis has also been carried out to demonstrate the use of the model under consideration.