Title: A Trade Credit Policy for Economic Quantity Model with Stock Sensitive Demand and Shortages for Deteriorating Items

Author (s):: Chauhan A.; Bhandari S.; Singh G.; Dhiman N.

Journal: AIP Conference Proceedings

Month and Year: November 2022

Abstract: In the business sector, having the right stock level attracts customers and boosts sales, and shortage occurs which is partially backlogged. An EOQ inventory model with stock sensitive demand has been developed for allowable delay for deteriorating goods with multiple cases. As a result, a fuzzy model for deteriorated goods has been considered, with a stock-dependent demand feature and shortages, presence of uncertainty in model trapezoidal fuzzy number is used, and signed distance method for defuzzification. The aim of this study is to find the best overall average cost for the given scenario in the phase of uncertainty. Different cases of proposed model are demonstrated with illustration, and to see the effect of parameter, sensitivity analysis carried out. © 2022 American Institute of Physics Inc.. All rights reserved.

Document Type: Conference paper

DOI: https://doi.org/10.1063/5.0104111