Optimization and Comparative Analysis of Inventory Models in Fuzzy Environments with Stock-Dependent Demand and Holding Costs

This study examines the effectiveness of cloud triangular fuzzy and trapezoidal fuzzy approach in optimizing inventory management systems under uncertain conditions. The objective is to compare the efficiency of inventory models implemented in these approaches, focusing on how demand rates and carrying costs influenced by inventory level impact outcomes. The cloud fuzzy model has been used here and solved by yanger's index method which demonstrates superior performance, particularly in long-term production cycles, offering greater flexibility and accuracy compared to the trapezoidal fuzzy model. The conclusion is supported by a comparative study and graphical illustrations of a numerical example which confirms the model effectiveness.

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Publication Details

Published
2024-09-04
DOI
https://doi.org/10.1109/globalaisummit62156.2024.10947969
Citations
1
Primary Topic
Supply Chain and Inventory Management
Type
article
Field-Weighted Citation Impact
0.53
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article

Optimization and Comparative Analysis of Inventory Models in Fuzzy Environments with Stock-Dependent Demand and Holding Costs

Pooja Kesarwani, Anand Chauhan, Vivek Kumar, Sahedev Sahedev et al.
1 citations
Supply Chain and Inventory Management
0.53
article

Optimization and Comparative Analysis of Inventory Models in Fuzzy Environments with Stock-Dependent Demand and Holding Costs

Pooja Kesarwani, Anand Chauhan, Vivek Kumar, Sahedev Sahedev, Anubhav Pratap Singh
article en
1 citations

Abstract

This study examines the effectiveness of cloud triangular fuzzy and trapezoidal fuzzy approach in optimizing inventory management systems under uncertain conditions. The objective is to compare the efficiency of inventory models implemented in these approaches, focusing on how demand rates and carrying costs influenced by inventory level impact outcomes. The cloud fuzzy model has been used here and solved by yanger's index method which demonstrates superior performance, particularly in long-term production cycles, offering greater flexibility and accuracy compared to the trapezoidal fuzzy model. The conclusion is supported by a comparative study and graphical illustrations of a numerical example which confirms the model effectiveness.

Himalayan University (IN), Graphic Era University (IN)
Openalex Percentile: Top 21%
Supply Chain and Inventory Management
0.53
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Optimization and Comparative Analysis of Inventory Models in Fuzzy Environments with Stock-Dependent Demand and Holding Costs — Pooja Kesarwani, Anand Chauhan, et al. · (2024) | TGRS Research Map | TGRS