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Optimal inventory policies of facilities in a supply chain system under fuzzy stochastic environment

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  • D.K. Shaw
  • D.A. Khan

Abstract

In the present scenario, individual firms do not compete as independent entities rather as an integral part of a supply chain. Uncertainty is the major attribute in managing the supply chains. Accordingly, we develop heuristic methods to determine optimal inventory policies of facilities in a supply chain system under fuzzy stochastic environment. The total cost of the inventory system is computed using defuzzification methods. To determine an optimal policy, a numerical technique is presented and the results are analysed with the help of a numerical example.

Suggested Citation

  • D.K. Shaw & D.A. Khan, 2012. "Optimal inventory policies of facilities in a supply chain system under fuzzy stochastic environment," International Journal of Business Performance and Supply Chain Modelling, Inderscience Enterprises Ltd, vol. 4(2), pages 111-125.
    • Handle: RePEc:ids:ijbpsc:v:4:y:2012:i:2:p:111-125
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    Cited by:

    1. Sraboni Mandal & Danish Ali Khan, 2015. "Integrated inventory model with uniform demand for one vendor one customer," International Journal of Business Performance and Supply Chain Modelling, Inderscience Enterprises Ltd, vol. 7(1), pages 36-52.

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