Neutrosophic Inventory System for Decaying Items with Price Dependent Demand

Authors

  • R. Surya Department of Mathematics, Alagappa University, Karaikudi, Tamilnadu, India;
  • M. Mullai Department of Mathematics, Alagappa University, Karaikudi, Tamilnadu, India;
  • G. Vetrivel Department of Mathematics, Alagappa University, Karaikudi, Tamilnadu, India;

Keywords:

Neutrosophic sets; Neutrosophic trapezoidal numbers; Neutrosophic total cost; Neutrosophic demand; Neutro sophic purchase cost; Signed distance method.

Abstract

This study presents an empirical investigation of a specific problem in inventory control, notably the manage
ment of decaying commodities with demand that is influenced by price. The approach taken in this research incorporates
 the effective use of trapezoidal neutrosophic numbers. The present model is employed for the objective of finding the neu
trosophic optimal total cost and neutrosophic optimal interval of time for the inventory system. Defuzzification process is
 done with the help of signed distance method. Moreover, a mathematical evaluation is conducted in order to assess the stated
 model, and the findings are elucidated through the use of a numerical illustration

 

DOI: 10.5281/zenodo.10905878

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Published

2024-04-01

Issue

Vol. 66 (2024): Neutrosophic Sets and Systems

Section

Article

License

Copyright (c) 2024 Neutrosophic Sets and Systems

Creative Commons License

This work is licensed under a Creative Commons Attribution 4.0 International License.

 Creative Commons Attribution (CC BY) license.

How to Cite

R. Surya, M. Mullai, & G. Vetrivel. (2024). Neutrosophic Inventory System for Decaying Items with Price Dependent Demand. Neutrosophic Sets and Systems, 66, 55-75. https://fs.unm.edu/nss8/index.php/111/article/view/4361