Results in Control and Optimization (Mar 2024)
A deterministic multi-item inventory model with quadratic demand under neutrosophic and pythagorean hesitant fuzzy programming approach
Abstract
In this paper, a deterministic fuzzy inventory model with quadratic demand pattern, time-dependent holding cost, and time-dependent deterioration has been created. We have taken the rate of shortage as fully backlogged. In traditional inventory model, most of the cost parameters were taken as crisp. But in real world, fuzzy cost parameters are more realistic to appear instead of crisp parameters. Due to uncertainty we have considered all the cost parameters as hexagonal fuzzy number. We have regarded all of the cost parameters as hexagonal fuzzy numbers due to uncertainty. Our primary goal is to reduce the total average cost, and for that we've covered two optimization techniques: the Pythagorean Hesitant Fuzzy Programming Approach (PHFPA) and the Neutrosophic Hesitant Fuzzy Programming approach (NHFP).Through extensive numerical experiments and sensitivity analysis, the effectiveness and practicality of the proposed model are demonstrated. Comparative studies with traditional inventory models underscore the advantages of the Neutrosophic and Pythagorean Hesitant Fuzzy Programming Approach in managing multi-item inventory systems with quadratic demand patterns, highlighting its robustness in handling uncertain and ambiguous information.