Environmentally Sustainable Fuzzy Inventory Model for Deteriorating Items for Two Warehouse System Under Inflation and Backorder

Abstract

In the present scenario of business transaction, the issue of environment is of global concern and researchers have been focussing on this issue at large. Inventory management system involves storages of goods in the form of inventory to be used in fulfilling demand of market. The storage system involves technologies in providing a better environment for enhancing life cycle of products and these highly technological equipment uses energy during operation and release energy which are liable for global warming. Also, during transportation of inventories from one place to other vehicles are used that release carbon emission due to consumption of fuels. Thus, during modelling of an inventory system, it is more concern to minimize the carbon emission and simultaneously energy released so that impact on environment is minimized. Inventory modelling is affected by various factor such as demand pattern and rate of deterioration. In the present paper demand is to be taken as function stock level and inventory model with the concept of two storage system is developed considering time dependent deterioration rate under inflation. The fuzzy model is developed to maximize the profit of the inventory system per unit of time. Numerical example is presented for model validation.