Vol. 9, Issue 8, Part D (2023)

As-built models are crucial in the analysis of numerous real-world scenarios that occur in locations including produce and grocery markets, market yards, and the oil extraction sectors. In this post, we created a depleted inventory model and established a reasonable inflation default. His model assumes that the demand rate depends on the inventory and that each position's deterioration rate follows a Weibull distribution. This model is created dependent on the situation and whether the credit life is less than the cycle period.

Additionally, in these cases, a new model has been created to determine the EOQ. Finally, we review the findings and provide practical examples.