African Journal of
Mathematics and Computer Science Research

  • Abbreviation: Afr. J. Math. Comput. Sci. Res.
  • Language: English
  • ISSN: 2006-9731
  • DOI: 10.5897/AJMCSR
  • Start Year: 2008
  • Published Articles: 261

Full Length Research Paper

An inventory model with price breaks: Fuzzy approach

  J. K. Syed1 and Lahji Abdul Aziz2*
    1Department of Mathematics, Maulana Azad College, Aurangabad, India. 2Department of Mathematics, University of Baharin, India.    
Email: [email protected]

  •  Accepted: 18 August 2010
  •  Published: 30 October 2010

Abstract

 

 

In this paper Fuzzy inventory model is developed with price breaks; a joint economic lot-size model is developed under Fuzzy environment. Optimum order quantity and optimum number of price breaks are obtained through the techniques of Fuzzy mathematics. Cost function of both buyer and seller is represented by Fuzzy membership function, and model is solved for optimum results by reformulating it as Fuzzy linear programming problem. For optimum solution of proposed problem, “LINDO” software is used.

 

Key words: Fuzzy membership function, trapezoidal numbers, price breaks, defuzzification.

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This article is published under the terms of the Creative Commons Attribution License 4.0

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