Neutrosophic Static Model without Deficit and Variable Prices

Authors

  • Maissam Jdid Faculty of Science, Damascus University, Damascus, Syria
  • F. Smarandache University of New Mexico ،Mathematics, Physics and Natural Sciences Division 705 Gurley Ave., Gallup, NM 87301, USA

Keywords:

Static inventory models without deficits - Static inventory models without neutrosophic deficits - Variable price (discounts) models without neutrosophic deficits.

Abstract

Inventory management plays an important role in production and marketing processes,
especially in production facilities and commercial institutions that have warehouses in which
they store their equipment and goods. Inventory management is considered one of the most
important management functions in terms of determining the ideal volume of inventory and
calculating its costs, as this affects the facility’s efficiency and achieves either large profits or
it causes huge losses, so warehouse managers in production facilities or institutions must
determine the appropriate and ideal volume of inventory, especially when they are presented
with price offers from companies seeking to market their products. These offers are directly
related to the volume of the order, and in this case, they must make an ideal decision through
which determine the volume of the order by taking into account the following matters:
1. Securing the quantities required for production or sale so that there is no deficit.
2. The storage cost should be as low as possible.
3. Benefit as much as possible from the discounts offered by companies.
In this research, we present a complementary study to what we did in researching the
neutrosophic treatment of static inventory models without deficit, through which we arrived at
mathematical relationships through which we can calculate the ideal volume of the order at the
lowest possible cost. We will use these relationships to determine the ideal volume of the order
so that we achieve the greatest benefit from price offers and discounts. Provided by companies.

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Published

2023-12-01

Issue

Section

SI#1,2024: Neutrosophical Advancements And Their Impact on Research

How to Cite

Maissam Jdid, & F. Smarandache. (2023). Neutrosophic Static Model without Deficit and Variable Prices. Neutrosophic Sets and Systems, 60, 124-132. https://fs.unm.edu/nss8/index.php/111/article/view/3744

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