4th Sem CSIT Mini - Project - Abstract Format
4th Sem CSIT Mini - Project - Abstract Format
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B.Tech, CSIT, 4th Semester
Mini Project
Present paper investigates an economic order Quantity (EOQ) model of inventory where
incoming lot has a fraction of imperfect items. Firstly, to explore this model two different
categories are considered, without back order as well as backorder. Imperfect items are taken
with a variable rate of discount. Then after an effective optimization procedure, Particle
Swarm Optimization (PSO) is employed to determine optimal lot size and maximum profit.
Later numerical examples are provided to study the impact of different attributes on the
optimal policy and to analyse the proposed model.
REFERENCES
[2] X. Wang, W. Tang, Fuzzy EPQ inventory models with Backorder, Journal of System
Sciences and Complexity, 22, 313-323, 2009.
[3] A.K. Bhunia, S.K. Mahato, A.A.Shaikh, C. K. Jaggi, A deteriorating inventory model
with displayed stocklevel-dependent demand and partially backlogged shortages with
all unit discount facilities via particle swarm optimisation, International Journal of
Systems Science: Operations & Logistics, 1(3), 164-180, 2014.
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