Neutrosophic multi-item inventory control models with constraints

Abstract

Inventory managers are expected to handle a large number of items in their inventory while adhering to budgetary and space limits, as well as the number of items bought from vendors. Multi-item inventory models with one or more resource constraints, such as budget, space, or number of orders. This paper talks about an EOQ model in neutrosophic multi-item inventory control models with constraints. The ordering costs, the holding costs, demands, storage area, investment amount, and the maximum average number of units are considered as triangular neutrosophic numbers, as opposed to crisp values, to make the inventory model more realistic. This idea is used to decide the neutrosophic optimal order quantities with the assistance of the Lagrange multiplier. Eventually, the proposed method is delineated with a numerical instance and the results are analysed briefly.