Optimizing inventory costs in warehousing with linear time-dependent demand and preservation technology for degrading products

Abstract

This research paper emphasis to resolves the problem of reducing costs of inventory of any type of warehouses for individual commodities whose demand is linearly growing time to time. Due to their deteriorating nature, owner get high losses if these types of items were not used early. To avoid these losses, Preservation technologies are suggested as an inexpensive intervention. A mathematical model related to the inventory is developed along with the demand of time-dependent and efforts in preservation. I have explored a numerical problem with the various conditions and situations for different items. It is confirmed that by various preservation methods into inventory planning considerably minimizing costs related to products deteriorations.