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A profit maximization deteriorating multi-item inventory model with stock-dependent demand is developed in fuzzy environment. Here, the available space for inventory storage is limited, holding cost and selling price are purchasing price dependent and the rate of production is finite and uniform. The fuzzy environment is created making the inventory costs, purchasing price, storage area and the rate...
Items made of glass, ceramics, etc. get damaged during the storage due to accumulated stress of stocked items. Inventory models of these items are developed here with finite rate of replenishment and inventory level-dependent demand. Both linear and non-linear damage and demand functions are considered, shortages are allowed and fully backlogged. Optimum order quantities are determined using the profit...
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