AN EPQ FUZZY INVENTORY MODEL WITH CONSTANT DEMAND WITHOUT SHORTAGES UNDER NUMBER OF ORDER CONSTRAINTS: A GEOMETRIC PROGRAMMING APPROACH

Abstract

In this paper, an EPQ Fuzzy Inventory Model with constant demand, without shortages, time dependent holding cost are formulated and we consider the number of order as objective function and then the model is formulated as fuzzy model with holding cost, number of orders and other parameters are taken as triangular fuzzy number. The model is solved by geometric programming (GP) method and finally the model is illustrated by numerically example and sensitivity analysis.