An Inventory Management System for Deteriorating Items with Ramp Type and Quadratic Demand: A Structural Comparative Study

The present paper deals with an inventory management system with ramp type and quadratic demand rates. A constant deterioration rate is considered into the model. In the two types models, the optimum time and total cost are derived when demand is ramp type and quadratic. A structural comparative study is demonstrated here by illustrating the model with sensitivity analysis.