To Examine the Effect of Inventory Dependent Demand and Time Dependent Holding Cost on Inventory

Abstract

Inventory models are effectively used as control tool in most of the inventory control tools. The current study deals with the inventory production model for non momentary deteriorating items. To developed the mathematical model holding cost is considered as time and demand dependent. The items does not start to deteriorate as soon as it enters into the stock. During stock buildup time demand is assumed to be inventory dependent. Optimum solution has been find out by using differential calculus. Results indicate that total inventory has a major influence of inventory consumption parameter.