Two storage inventory model with fuzzy deterioration over a random planning horizon

Abstract

An inventory model for a deteriorating item with stock dependent demand is developed under two storage facilities over a random planning horizon, which is assumed to follow exponential distribution with known parameter. For crisp deterioration rate, the expected profit is derived and maximized via genetic algorithm (GA). On the other hand, when… (More)
DOI: 10.1016/j.mcm.2007.02.017

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