An Inventory Model with time Dependent,Quadratic Deterioration rate, Exponential Demand, and time Dependent Holding Cost

Abstract

In this study, we develop a deterministic model with exponential time-dependent demand. The deterioration rate follows a quadratic time dependence and shortages are not allowed to meet the demand. Additionally, the holding cost varies with time. The mathematical model is designed to find the optimal total inventory cost. A numerical example is included to validate the proposed model.