A Marketing-Oriented Inventory Model with Three-Component Demand Rate and Time-Dependent Partial Backlogging

This paper, an attempt has been made to extend the model of “An EOQ model for perishable items under stock-dependent selling rate and time-dependent partial backlogging” with a view to making the model more flexible, realistic and applicable in practice. Here, objectives are to maximize the profit and minimize the total shortage cost. In this model, fuzzy goals are used by linear membership functions and after fuzzification, it is solved by weighted fuzzy non-linear programming technique. The model is illustrated with a numerical example adopted partially from “An EOQ model for perishable items under stock-dependent selling rate and time-dependent partial backlogging”.