Time-Dependent Demand and Price Effects on Inventory Models: An Analytical Study

This analytical study investigates the impact of time-dependent demand and pricing on inventory models, focusing on deteriorating items. Inventory management plays a critical role in operational efficiency and cost minimization. Understanding how demand and price fluctuations over time affect inventory models is crucial for optimizing stock levels and reducing waste. By reviewing recent advancements and methodologies, this study highlights key findings, identifies research gaps, and suggests areas for further investigation. The analysis encompasses various models and approaches, providing a comprehensive overview of the current state of research in this domain.