EOQ in fuzzy environment and trade credit

Shah, N.; Pareek, S.; Sangal, I.

Abstract: Now-a-days, the offer of credit period to the retailer for settling the account for the units purchased by the supplier is considered to be the most beneficial policy. In this article, an attempt is made to formulate an economic order quantity model under fuzzy environment where delay in payment for the retailer is permissible. The demand rate, ordering cost and selling price per item are taken as triangular fuzzy numbers. The ?-cut representation method is used to calculate the optimum cycle time and total optimum cost. The optimum cycle time and total optimum cost in fuzzy sense is de-fuzzified using the centre of gravity method.

How to cite this paper

 Shah, N., Pareek, S & Sangal, I. (2012). EOQ in fuzzy environment and trade credit.International Journal of Industrial Engineering Computations , 3(2), 133-144.

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