In this paper, we have assumed an inventory multi-objective optimization model under intuitionistic fuzziness. In modelling, we have considered the situations where triangular intuitionistic fuzzy numbers used to express some of the input information which associated with decision variables. Further, a ranking function approach by considering linear and the nonlinear degree of membership functions have been used to obtain the crisp form of the fuzzy parameters. Finally, the fuzzy goal programming approach has been used to solve the resultant model to obtain the optimal ordering quantity. Also, a comparative study of the formulated problem under intuitionistic fuzziness has been done with a deterministic model of inventory. The concept of the paper is explained through a numerical example.
The demand for cost-efficient and clean power energy cannot be overemphasised, especially in a developing nation like India. COVID-19 has adversely affected many nations, power sector inclusive, and resiliency is imperative via flexible and sustainable power generation sources. Renewable energy sources are the primary focus of electricity production in the world. This study examined and assessed the optimal cost system of electricity generation for the socio-economic sustainability of India. A sustainable and flexible electricity generation model is developed using the concept of flexible fuzzy goal programming. This study is carried out with the aim of achieving the government’s intended nationally determined contribution goals of reducing emission levels, increasing the capacity of renewable sources and the must-run status of hydro and nuclear, and technical and financial parameters. The result shows an optimal cost solution and flexibility in how increased electricity demand would be achieved and sustained via shifting to renewable sources such as solar, wind and hydro.
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