Fuzzy Logic Analysis Based on Inventory Considering Demand and Stock Quantity on Hand

Abstract

The approach is based on fuzzy logic analysis as it does not require the statement and solutions of complex problems of mathematical equations. Here consideration is inventory control problem solutions, for which demand values for the stock and it quantity-on-hand in store is proposed. Expert decisions are considered for developing the fuzzy models, and the approach is based on method of nonlinear dependencies identifications by fuzzy knowledge. The linguistic variables are considered for the membership functions. Simple IF-Then rules are used with expert advices. Copyright © www.iiste.org

Keywords:- Inventory control, Fuzzy logic, Membership Function, Defuzzification.