International Journal of Computer Applications |
Foundation of Computer Science (FCS), NY, USA |
Volume 76 - Number 11 |
Year of Publication: 2013 |
Authors: Urvashi, S. R. Singh |
10.5120/13289-0712 |
Urvashi, S. R. Singh . Inventory Control with Fuzzy Inflation and Volume Flexibility under Random Planning Horizon. International Journal of Computer Applications. 76, 11 ( August 2013), 8-17. DOI=10.5120/13289-0712
The objective of this paper is to develop an inventory model with fuzzy inflation and multi variant demand rate. A new demand rate introduced which depends on price, quality and time. Planning horizon is random in nature for manufacturing company. Production rate is taken to be flexible in nature which depends on the technology frequency, capital investment and its elasticity and number of labour. Model is developed for both crisp and fuzzy environment. Numerical example is cited to illustrate the results and its significant features. Finally, to study the effect of changes of quality, inflation and planning horizon sensitivity analysis is carried out.