Study of a bi-objective EOQ model with parabolic demand function in intuitionistic cloudy uncertain environment
摘要
Every company uses their best strategies to dominate others in the market and gets more profit. This study develops a bi-objective inventory problem where the several demand patterns have been analyzed under multiple fuzzy systems. First of all, we develop a crisp model through a case study of two laptop companies (I and II) considering the demand as a parabolic curve of time variable. The utility function method has been employed to solve the crisp model. After that, the model is converted to a fuzzy model by considering the total inventory cost of each company as triangular intuitionistic cloudy fuzzy number (TICFN). Various sub-models have been analyzed considering three cases and eight subcases depending on the intersection of two parabolic demand curves. A comparative study between crisp and other fuzzy models has been discussed here. The numerical study reveals that the decision-making with TICFN approach is more beneficial for any inventory practitioner. Because, the average profit gain is found to be 2.62% with respect to the applications of other fuzzy numbers. Moreover, the % ranges of total inventory cost variations for company I is found to be [− 39.86, 54.44] and that for company II it lies in [− 60.92, 60.92] exclusively.