10.5281/zenodo.2160223
https://zenodo.org/records/2160223
oai:zenodo.org:2160223
Mondal, Bappa
Bappa
Mondal
Kar, Chaitali
Chaitali
Kar
Garai, Arindam
Arindam
Garai
Roy, Tapan Kumar
Tapan Kumar
Roy
Optimization of EOQ Model with Limited Storage Capacity by Neutrosophic Geometric Programming
Zenodo
2018
2018-12-10
10.5281/zenodo.2160222
Creative Commons Attribution 4.0 International
In this article, we present deterministic single objective economic order quantity model with limited storage capacity in neutrosophic environment. We consider variable limit production cost and time dependent holding cost into account. Here we minimize total average cost of proposed model by applying neutrosophic geometric programming, which is obtained by extending existing fuzzy and intuitionistic fuzzy geometric programming for solving resultant non-linear optimization model. Next we consider numerical application to show that optimal solution obtained by neutrosophic geometric programming is more desirable than that of crisp, fuzzy and intuitionistic fuzzy geometric programming. Also we perform sensitivity analysis of parameters and present key managerial insights.