Analysis of a demand-driven production inventory model in a trapezoidal neutrosophic number-ruled decision environment

An Economic Production Quantity (EPQ) model is built with fundamental intuitions that time influences demand pattern and demand can control production in manufacturing process. Also, existence of deterioration of produced items during warehousing is considered. Preservation technology is installed for lowering the deterioration rate as much as possible. The manufacturing-warehousing process includes ambiguities in several pockets of decision-making phenomena. Trapezoidal neutrosophic number describes the imprecise environment for decision phenomena in this paper. Numerical results reveal that the cost reduction goal is impacted negatively for large size of production potential and for much reliance of the production process on demand pattern. On contrary, incorporations of preservation measure and neutrosophic decision phenomena favor the cost minimization objective.