An Inventory Model with Time-Dependent Demand and Limited Storage Facility under Inflation

Table 1

Comparison of models with different demand patterns.

Model	Demand	Warehouse	𝑇1	𝑇2	𝑇3	𝑇𝑈𝐶
I	Exponential increasing demand rate, that is, 𝑎𝑒^𝑏𝑡	Two warehouses	0.53	4.31	3.41	1006.31
		One warehouse (rented)	0.04	0.11	—	2112.41
		One warehouse (own)	5.52	3.67	—	3378.63
II	Linearly increasing demand rate, that is, 𝑎+𝑏𝑡	Two warehouses	0.67	6.42	4.11	1786.38
		One warehouse (rented)	0.58	0.12	—	3755.68
		One warehouse (own)	6.27	4.23	—	5302.62
III	Constant demand rate (𝑎)	Two warehouses	0.82	9.49	5.06	2506.38
		One warehouse (rented)	0.09	0.13	—	4912.22
		One warehouse (own)	8.52	5.76	—	6078.92