A Dynamic Cost Analysis in an Inventory Model with Partially Time Varying Demand

Abstract: In this inventory model, we study the inventory model with time dependent demand without deterioration of items in present model. The fluctuation in inventory level is affected by only time and demand. Shortages are also not considered in this system. Effects of different parameter on holding cost, ordering cost are analyzed in this model. The main objective to study this model is to evaluate the total cost, to study the significant effect on profit. Model validation is given by numerical consideration which show the nature of the cost with respect to different level of variations in parameters. Keywords: Inventory, demand, holding cost, ordering cost