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Background: Business organisations are facing a lot of competition during these days. To withstand the competition and to remain in the front row, an enterprise should have optimum profitable plan for his business. Researchers in recent years have developed various inventory models for deteriorating items considering various practical situations. Partial backlogging is considerably a new concept introduced...
Background: In the present competitive business scenario researchers have developed various inventory models for deteriorating items considering various practical situations for better inventory control. Permissible delay in payments with various demands and deteriorations is considerably a new concept introduced in developing various inventory models. These models are very useful for both the consumers...
Background and methods: Fuzzy decision-making approach is allowed in geometric programming for a single item EOQ model with dynamic ordering cost and demand-dependent unit cost. The setup cost varies with the quantity produced/purchased and the modification of objective function with storage area in the presence of imprecisely estimated parameters are investigated. It incorporates all concepts of...
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