Inventory Optimisation for Ramp-Type Demand along with Deterioration and Shortages in the Supply Chain

Key Points

• To optimize inventory management in supply chains characterized by ramp-type demand, deterioration, and shortages.
• Analyzed inventory dynamics considering demand patterns and deterioration rates.
• Applied optimization techniques to manage shortages effectively.
• Enhanced inventory levels under varying demand scenarios.
• Indirectly improved cost efficiency related to shortages.