EFFECTS OF INFLATION AND DELAY IN PAYMENTS ON FUZZY INVENTORY SYSTEM FOR PERISHABLE ITEMS WITH LEARNING EFFECTS

Abstract

In the trading market, trade credit financing is now a very useful and effective promotional tool for sellers or contractors to
boost efficiency through motivating sales and an exclusive prospect for the traders to lessen demand improbability. In this
scenario, a credit financing model is proposed for perishable items with the effect of learning and inflation under fuzzy
environment. Demand rate, purchasing price and selling price are assumed to be in fuzzy nature. Finally, minimization of
the total fuzzy inventory cost with respect to cycle length is performed. The numerical example explains the applicability of
the present model. The sensitivity of the model is analyzed with the changes in the values of different parameters associated
with the model and robustness is checked. The future scope is also presented in the end