Strategic Inventory Control for Deteriorating Products under Time-Sensitive Demand
DOI:
https://doi.org/10.70454/IJMRE.2025.05025Keywords:
Inventory control,, deteriorating items, time-dependent demand, pricing, partial backloggingAbstract
Efficient management of inventory is essential for businesses handling perishable or time-sensitive products. This study delves into advanced inventory models incorporating time-varying demand, pricing dynamics, and product deterioration. Drawing on a comprehensive review of research conducted by A. Sharma and collaborators between 2016 and 2024, the article presents strategic approaches to optimize inventory levels, reduce operational costs, and enhance overall supply chain performance. It emphasizes the role of dynamic pricing mechanisms, partial backordering, and accurate demand forecasting in developing responsive inventory control systems. The findings offer valuable insights for retailers, manufacturers, and logistics professionals while outlining promising avenues for future research in this evolving domain.
References
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Copyright (c) 2025 Trilok Chand Bagh (Author)

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This is an Open Access article distributed under the term's of the Creative Common Attribution 4.0 International License permitting all use, distribution, and reproduction in any medium, provided the work is properly cited.