Analysis of Inventory Model with Time-Dependent Demand and Limited Storage Facility under Inflation

Abstract

In this research paper which has discussed a crucial topic of inventory model along with the demand timely and it has limited storage facility when inflation occurred, this can be explained as a model that achieves into account the felt effect of inflammation on inventory costs. Inflation defines enhance the price of the product gradually. This is basically a measure to enhance the price rate of the products. There are different purposes behind this inflation which are cost-push, demand-pull and expectation of inflation. If the price increases in a faster way the purchasing power of the customer is reduced. In this model, the demand for a particular item is assumed to vary over time and the inventory is assumed to vary over time along with inventory is assumed always limited. For conducting this research paper secondary methodology is used. Here provides a discussion on the topic of the fixed recorder quantity system and the fixed recorder period system these are very effective for business purposes and provide recommendations for an effective model which is used for the business. The recorder quantity system has been updated to provide better accuracy and reliability according to the product demand and the economic crisis during the fixed recorder quantity system.