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In existing literature the inventory models are developed under supply chain model of a volume agile manufacturing process for the deteriorating items. In this study, a model for the producer by assuming production to be stock dependent and exponentially increasing and demand rate to be linear and quadratic simultaneously with constant deterioration rate and holding cost is developed. Shortages are not allowed. This whole study is studied in the inflationary environment. The mathematical expression for the total cost is derived and it is minimized. A numerical example has been illustrated using MATLAB to describe the model.

Linear and Quadratic Simultaneous Demand Rate Model with Production Exponentially Increasing and Inflation