Optimising multi-level production model with diverse production rates under inflationary pressures and shortage

Sachin Kumar Verma

International Journal of Procurement Management, 2026, vol. 25, issue 2, 221-256

Abstract: The present research report focuses on an inventory model, specifically a production model, grounded in several astute assumptions that significantly enhance its effectiveness. By skilfully combining inventory and manufacturing management strategies within an inflationary economic context, the model achieves a greater level of credibility. This model assumes a multilevel production structure with varying production and demand rates, both of which are considered to be time-dependent exponential functions. Throughout the cycle, a constant deterioration rate is assumed. The inventory also experiences stock out situations following the production process. A numerical example illustrates a mathematical technique aimed at optimising the inventory cost function. Sensitivity analysis is conducted to further validate the model. The model's reliability is confirmed through verification. Mathematica-11 is utilised to determine the optimal solution.

Keywords: inventory management; production management; inflation; exponential demand; variable production rate; supply chain optimisation. (search for similar items in EconPapers)
Date: 2026
References: Add references at CitEc
Citations:

Downloads: (external link)
https://www.inderscience.com/link.php?id=151115 (text/html)
Access to full text is restricted to subscribers.

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:ids:ijpman:v:25:y:2026:i:2:p:221-256

Access Statistics for this article

More articles in International Journal of Procurement Management from Inderscience Enterprises Ltd
Bibliographic data for series maintained by Sarah Parker ().