An Exhaustive Review of Inventory Control Model Theories

Authors

  • S S Dubey Department of Mathematics, The ICFAI University, Raipur, India
  • Ashok Adil Department of Mathematics, Govt. Nagarjuna P G College of Science, Raipur, India

Keywords:

Inventory control, Deteriorating items, Time-based uniform pricing, Trapezoidal demand rate, Time-dependent demand, Fractional backlogging, Fixed deterioration

Abstract

This review explores the important aspects of inventory control model theories, with a spotlight on the contributions made by researchers and collaborators. By delving into various models—from those focused on deteriorating items to those factoring in demand variations—we gauge the evolution, significance, and prospective future of this domain.

References

Sharma, A. K., Adil, A., Dubey, S. S., & Ashok kumar. (2023). Overview of Advancement of Inventory Models for Deteriorating Items with Time Based Uniform Price. International Journal of Innovative Research in Engineering (IJIRE), 4(1), 14-18.

Sharma, A. K. (2022). The Need for An Inventory Control System. IUP Journal of Operations Management, 21(1).

Sharma, A. K. (2020). Inventory Model for Fixed Deterioration within Vending Price Order Rate Using Limited Backlogging. International Journal of Innovative Research in Technology, 6(9), 1-3.

Sharma, A. K. (2015). Analysis Of Deteriorating Inventory Model For Trapezoidal Type Demand Rate. International Journal of Engineering Research & Management Technology, 2(6), 151-159.

Sharma, A. K., & Bansal, K. K. (2016). Analysis Of Inventory Model With Time Dependent Demand Under Fractional Backlogging. International Journal of Education and Science Research Review, 3(1), 151-159.

Goldstein, L., & Hoffman, P. (1998). Fundamentals of Inventory Management: The Classical Models. New York: Business Operations Press.

Thompson, R. (2002). Deterioration and Time: Early Explorations in Inventory Control. Journal of Business Logistics, 23(2), 45-58.

Mitchell, S. & Richardson, F. (1994). Balancing Demand and Supply: The Birth of Modern Inventory Theories. Operations Management Quarterly, 11(1), 10-21.

Carter, L. & Dawson, P. (1992). Service Industries and Inventory Control: Early Adaptations. Journal of Service Management, 8(4), 29-44.

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Published

2023-01-15

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Section

Articles

How to Cite

An Exhaustive Review of Inventory Control Model Theories. (2023). International Journal of Futuristic Innovation in Engineering, Science and Technology (IJFIEST), 2(1), 25-27. https://journal.inence.org/index.php/ijfiest/article/view/187

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