An inventory model under inflation for stock dependent consumption rate and exponential decay

In this study, the authors propose an inventory model under inflation for stock dependent consumption rate and exponential decay items with infinite replenishment rate and without permitting shortages. This model can assist managers in accurately determining the ordering quantity under the circumstance of stock dependent consumption. The effects of the inflation rate, deterioration rate the stock depend consumption rate are also discussed. In addition, a numerical example illustrates the effectivess of the developed model. Sensitivity analysis is also performed and discussed.