This study presents an inventory system where items have an initial linear deterioration rate that transitions to a non-linear pattern, addressing a critical aspect of contemporary supply chain management. Our research introduces a dual warehouse inventory model comprising a rented facility and...

Spare parts are particularly challenging to forecast due to their lumpiness and representing a significant part of companies’ expenditures, so even small improvement in new approaches can considerably reduce these items’ total inventory. This paper aims to present a new hybrid forecasting...

Spare parts are particularly challenging to forecast due to their lumpiness and representing a significant part of companies' expenditures, so even small improvement in new approaches can considerably reduce these items' total inventory. This paper aims to present a new hybrid forecasting method...

Ever since the basic Economic Order Quantity (EOQ) model was introduced, several researchers and academicians extended and/or altered it, to reduce its unrealistic assumptions and make it more suitable and appropriate to the real world. The traditional EOQ Models assume constant demand and...

In the present market scenario, it is seen that commodity is attracted by the stock of the items. Considering this fact in this present work, the demand for the item is considered as stock dependent in an inventory control system, where the items are deteriorating in nature. When the number of...