Inventory Model of Deteriorating Items based on ABC Analysis for Ranking of Triangular Fuzzy Numbers

Abstract

In the modern corporate world, the capacity of an organization to effectively manage its inventory is crucial. Organisations that keep hundreds of inventory items are obviously unable to affordably create an inventory management strategy for each item in their inventory. Inventory control called ABC-Fuzzy categorization, which incorporates management expertise and judgement into inventory categorization and should be easily adopted, In an effort to manage variables that have a feature, this study proposes a novel technique to inventory control known as ABC–Fuzzy classification, which integrates management experience and judgement into inventory categorization, and Should be simply implemented. An ABC analysis is a relatively easy classification that offers excellent cost control over the company's whole inventory. Ultimately, a comparison analysis of these real-world instances shows that, when it comes to handling a variety of genuine application challenges, the innovative similarity measures are more adaptable and reliable than the existing similarity measures. It also gives you authority over trivial issues. The problem in this case solved both Fuzzy and Crisp values.