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In existing literature the inventory models are developed under the assumption of demand rate to be constant or linear or quadratic. In this paper, an inventory model is developed where demand rate is generalized as a polynomial of n th degree with constant deterioration rate. The holding cost is a linear function of time. Shortages are not allowed. A numerical example has been illustrated using MATLAB to describe the model and the sensitivity analysis of various parameters is carried out with graphical and tabular data.

An EOQ Model with Polynomial of Nth Degree Demand Rate, Constant Deterioration, Linear Holding Cost and Without Shortages under Inflation