An inventory model with hybrid time-stock dependent demand for seasonal products with trade credit policy

Prokash Mondal, Sudhansu Khanra and Pritha Das

International Journal of Mathematics in Operational Research, 2025, vol. 31, issue 4, 435-464

Abstract: This study examines an EOQ model with a hybrid time- and stock-dependent demand function for a seasonal product context of shortages. In several marketing strategies that have a strong connection to stock - time and stock both play a crucial role in customer decision-making - vendors always entice customers to buy more by displaying many products. This investigation aims to present the best inventory management technique for perishable products with hybrid demand that is time- and stock-dependent under partial backlog with a trade credit policy. The provided EOQ model is validated using a numerical illustration. Finally, sensitivity analysis has been employed to examine the effects of changes in the values of system factors using MATLAB software (Version 2014a).

Keywords: inventory; time-stock dependent demand; partial backlogging; deterioration; trade credit policy. (search for similar items in EconPapers)
Date: 2025
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