An inventory model with hybrid time-stock dependent demand for seasonal products with trade credit policy

This study examines an EOQ model with a hybrid time- and stock-dependent demand function for a seasonal product context of shortages. In several marketing strategies that have a strong connection to stock - time and stock both play a crucial role in customer decision-making - vendors always entice customers to buy more by displaying many products. This investigation aims to present the best inventory management technique for perishable products with hybrid demand that is time- and stock-dependent under partial backlog with a trade credit policy. The provided EOQ model is validated using a numerical illustration. Finally, sensitivity analysis has been employed to examine the effects of changes in the values of system factors using MATLAB software (Version 2014a).