An Inventory Model for Constant Deteriorating Items Carry forward with Price, Reserve and Lifetime Demand, and Constant Holding cost

Abstract

The aim of the recent work is to reinforce the essential motivation of business enterprises for efficient inventory supervision and faster rate of  utilizating the inventory objects and also highlights to provide good quality of service to the customers. In this work  is computed using edge computing technique. The prime goal of edge computing (EC) technic is minimize the required time to communicate huge quantities of data related to the model. In this method we receive very quick feedbacks which are very impontent for decision-making process. This model shows the prime approach of an inventory structure for deteriorating goods. This paper designs an inventory model for constantly deteriorating items with price, stock, and lifetime demand rate while keeping the holding cost constant. This prototype is Mathematically formulating differential equations and finding the root of these equations. The very purpose of this prototype is to optimize the total inventory value exclusive of allowing shortages. The very model ultimately has been illustrated through a numerical example and computing using Mathematica 12.0 and analysing the data by edge computing (EC) method. Formerly, Gnu software uses these data values to plot the graphs. The functionality of the model as well as a sensitivity analysis to discern the best solution concerning assorted framework.