Mathematics (Dec 2023)

Optimizing Inventory Management: A Comprehensive Analysis of Models Integrating Diverse Fuzzy Demand Functions

  • Mandeep Mittal,
  • Vibhor Jain,
  • Jayanti Tripathi Pandey,
  • Muskan Jain,
  • Himani Dem

DOI
https://doi.org/10.3390/math12010070
Journal volume & issue
Vol. 12, no. 1
p. 70

Abstract

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This review study provides a comprehensive analysis of the classification of inventory models, with a focus on incorporating various fuzzy demand functions. The incorporation of fuzzy sets theory within inventory models is highlighted as a significant advancement in the field. The study emphasizes the importance of efficiently locating pertinent publications on this topic, rendering it a valuable resource for individuals interested in exploring inventory models that incorporate fuzzy demand functions. There was a need for a systematic and complete examination of recent breakthroughs in fuzzy inventory management. Our objective was to provide an illuminating overview of the significant developments in this field and offer insights into the probable future directions of research. Our evaluation of various model components has unveiled new and underexplored territories that may warrant further exploration. Perhaps it would be prudent to consider the possibility of establishing simpler models or incorporating qualitative methods into existing models and initiating a discourse on this topic.

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