Volume 9 | Issue 3 | Nov 2024

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 Abstract

Inventory control plays a crucial role in supply chain management, as it directly influences operational efficiency and profitability. Traditional inventory management models often assume that products do not deteriorate or face shortages. However, real-world scenarios frequently involve perishable goods or items prone to deterioration, as well as the risk of stock-outs. This paper explores various optimization techniques in inventory control under such conditions, focusing on models that incorporate deterioration and shortage factors. We examine mathematical formulations, solution approaches, and real-world applications of these models to offer insights for practitioners and researchers alike.

 Keywords

Inventory control, optimization techniques, deterioration, shortage, perishable goods, supply chain management, inventory models, mathematical formulations.

 Authors and Affiliations

Sapna Tamrakar
Research Scholar, Department of Mathematics, Eklavya University, Damoh, Madhya Pradesh, India
Dr. Gopi Sao
Associate Professor, Department of Mathematics,Eklavya University, Damoh, Madhya Pradesh, India
Sona Singh Chawda
Research Scholar, Department of Mathematics, Eklavya University, Damoh, Madhya Pradesh, India

 References

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  License

Creative Commons Attribution 4.0 and The Open Definition

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