Inventory Model for Two-Warehouse System Featuring Exponential Time-Varying Demand

Inventory management is crucial to ensure that supply chains and enterprises run smoothly. A distinct inventory model that tackles the challenges of inventory management in a dynamic setting with exponential time-dependent demand and constant deterioration rate is presented in this paper. A two-warehouse system is taken into account in this model which enables better inventory control. The secondary (rented) warehouse functions as a buffer to maximize inventory performance, whereas the primary (owned) warehouse is the major source of supplies. To keep the low inventory cost and finding the optimal cost of inventory is the main aim of the study. Numerical examples also support the model, and MATLAB is used to do the sensitivity analysis for various parameters.