Fuzzy Optimal Policy of Some Inventory System

Abstract

Inventory management is a very important function that determines the health of the supply chain as well as the impacts the financial health of the balance sheet. Each and every organization implements different types of inventory systems to maintain optimum inventory to be able to meet its requirements and avoid over or under inventory that can impact the financial figures. The Inventory system is always dynamic. So with the help of fuzzy system it tries to develop a robust inventory model which will involve trade credit system assuming with cost fuzzy parameters.