Optimization of a Fuzzy Inventory Model with Quadratic Demand, Time-Dependent Costs and Shortages Using the Convergent Gradient Adaptive Search Algorithm
Inventory decisions for deteriorating items become complex when demand varies over time and cost parameters are uncertain. This study develops a fuzzy inventory model with quadratic demand, time-dependent holding cost, time-dependent deterioration and fully backlogged shortages. The ordering, holding, shortage and dete...