: 10.62796/pijst
Models of Perishable Stock for Stock-Dependent Quadratic Demand in the Presence of Inflation
Mandeep Singh, Department of mathematics, Shyamlal Sarswati Mahavidyalya Shikarpur Bulandshhar U.P.
Dr. Ravendra Kumar, Department of Mathematics, V R A L Govt Girls Degree College Bareilly, U.P.
Gaurav Gupta, Department of mathematics, Shyamlal Sarswati Mahavidyalya Shikarpur Bulandshhar U.P.
DOI: 10.62796/pijst.2024v1i7001
DOI URL: https://doi.org/10.62796/pijst.2024v1i7001
Published Date: 03-07-2024 Issue: Vol. 1 No. 7 (2024): July 2024 Published Paper PDF: Download
DOI: 10.62796/pijst.2024v1i7001
DOI URL: https://doi.org/10.62796/pijst.2024v1i7001 Published Date: 03-07-2024 Issue: Vol. 1 No. 7 (2024): July 2024 Published Paper PDF: Download
Abstract- For perishable goods, inventory models are created using stock-dependent quadratic demand under inflation. The pace of degradation is thought to be constant. The conventional Reccati differential equation approach is used to determine the model’s solution. The impact of inflation on the overall profit of the system is examined for items whose demand is quadratic and dependent on inventory level. We test the model with a theoretical example. Finally, the model’s sensitivity is shown and examined.
Keywords: Quadratic demand, inflation, stock dependent, perishable, inventory.
