Time-Dependent Demand and Price Effects on Inventory Models: An Analytical Study
Abstract
This analytical study investigates the impact of time-dependent demand and pricing on inventory models, focusing on deteriorating items. Inventory management plays a critical role in operational efficiency and cost minimization. Understanding how demand and price fluctuations over time affect inventory models is crucial for optimizing stock levels and reducing waste. By reviewing recent advancements and methodologies, this study highlights key findings, identifies research gaps, and suggests areas for further investigation. The analysis encompasses various models and approaches, providing a comprehensive overview of the current state of research in this domain.
References
[2] Sharma, A. K. (2022). Survey of development of inventory models with time based uniform demand. Innovation of Multidisciplinary Research in Present and Future Time, 1, 76-81.
[3] Sharma, A. K. (2022). The need for an inventory control system. IUP Journal of Operations Management, 21(1).
[4] Sharma, A. K. (2020). Inventory model for fixed deterioration within vending price order rate using limited backlogging. International Journal of Innovative Research in Technology, 6(9), 1-3.
[5] Sharma, A. K. (2019). An overview and study on inventory model with deteriorating items. International Journal of Scientific Research in Engineering and Management, 3(10), 1-5.
[6] Sharma, A. K. (2019). On some inventory model with deteriorating objects. International Journal for Scientific Research and Development, 7(8), 377-380.
[7] Sharma, A. K. (2019). An overview and study on inventory model with deteriorating items. International Journal of Scientific Research in Engineering and Management (IJSREM), 3(10), 1-8.
[8] Sharma, A. K. (2019). Study to overview on inventory management and related models. International Journal of Multidisciplinary Educational Research, 8(11[2]), 77-86.
[9] Sharma, A. K. (2015). Analysis of deteriorating inventory model for trapezoidal type demand rate. International Journal of Engineering Research & Management Technology, 2(6), 151-159.
[10] Sharma, A. K., & Bansal, K. K. (2016). Analysis of inventory model with time dependent demand under fractional backlogging. International Journal of Education and Science Research Review, 3(1), 103-111.
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