A cloudy fuzzy economic order quantity model for imperfect-quality items with allowable proportionate discounts
In the traditional economic order quantity/economic production quantity model, most of the items considered are of perfecttype. But this situation rarely takes place in practice. Thus, in this paper, an economic order quantity model with imperfectqualityitems is developed. 100% screening process is performed, and the items of imperfect quality are sold as a single batch.A proportionate rate of discount for the items of imperfect quality has also been studied. Moreover, a case study has beenincorporated to comprehend the model. To nullify the issues of non-random uncertainties of demand rate in business scenario,cloudy fuzzy method has been utilized here. Numerical study reveals that cloud model along with its new defuzzificationmethods can give maximum profit of the model all the time instead of deterministic ones. Finally, sensitivity analysis andgraphical illustrations are made to justify the novelty of the model.
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