Economic fish production inventory model for perishable fish items with the detoriation rate and the added value under pentagonal fuzzy number

In marine fishing, a considerable planning is required for developing socio-economic value of fishermen. This research explores the discussion in optimal fish manufacturing quantity for perishable fish items in the vessel during yachting. The rate of deterioration is treated as a Pentagonal Fuzzy Nu...

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Bibliographic Details
Published in:Complex & intelligent systems 2021-02, Vol.7 (1), p.417-428
Main Authors: Kuppulakshmi, V., Sugapriya, C., Nagarajan, D.
Format: Article
Language:English
Subjects:
Complexity
Computational Intelligence
Constraint modelling
Convexity
Cost analysis
Data Structures and Information Theory
Economic models
Engineering
Fish
Fish production
Fuzzy logic
Fuzzy sets
Fuzzy systems
Inventory management
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Summary:In marine fishing, a considerable planning is required for developing socio-economic value of fishermen. This research explores the discussion in optimal fish manufacturing quantity for perishable fish items in the vessel during yachting. The rate of deterioration is treated as a Pentagonal Fuzzy Number (PFN) to obtain the optimal total cost. The convexity of the model is proved by satisfying the constraint equation in a fuzzy environment. An efficient procedure is applied to find the annual fish production quantity and the production in a single period to avoid the faulty measurement in the demand for fish items and the supply to the retailers. In addition, a few sensitivity analyses are carried out for the repair cost and the added value cost to indicate the existence of the total cost in the least possible range. Some managerial discrimination is also included.
ISSN:2199-4536
2198-6053
DOI:10.1007/s40747-020-00222-8