Work

Analysis of a demand-driven production inventory model in a trapezoidal neutrosophic number-ruled decision environment

Year: 2024

Type: article

Abstract: An Economic Production Quantity (EPQ) model is built with fundamental intuitions that time influences demand pattern and demand can control production in manufacturing process. Also, existence of deterioration of produced items during warehousing is considered. Preservation technology is installed for lowering the deterioration rate as much as possible. The manufacturing-warehousing process includes ambiguities in several pockets of decision-making phenomena. Trapezoidal neutrosophic number describes the imprecise environment for decision phenomena in this paper. Numerical results reveal that the cost reduction goal is impacted negatively for large size of production potential and for much reliance of the production process on demand pattern. On contrary, incorporations of preservation measure and neutrosophic decision phenomena favor the cost minimization objective.

Source: Yugoslav journal of operations research

DOI: 10.2298/yjor240515052r

Authors: Mostafijur Rahaman, Rakibul Haque, Soheil Salahshour, Shariful Alam, Sankar Prasad Mondal

Institutions: Mohan Babu University, Maulana Abul Kalam Azad University of Technology, West Bengal, Bahçeşehir University, Okan University, Indian Institute of Engineering Science and Technology, Shibpur

Language: English

Topic: Supply Chain and Inventory Management

Subfield: Management Information Systems

Field: Business, Management and Accounting

Domain: Social Sciences

Open Access status: diamond

OpenAlex ID: W4405247775

FWCI: 1.437

Cites: 50

Cited by: 3

Related to: 10