Optimizing Supply Chain Management for Deteriorating Items Addressing Inflation, Preservation Technology, and Shortages

Abstract

A supply chain model is developed for deteriorating products with exponential demand in an inflationary environment, leveraging big data analytics and preservation technology to control the rate of deterioration. This study attempts to evaluate the effect of preservation technology on the overall cost of inventory while accounting for shortages. The methodology is based on a previous model, with a flexible production rate. Big data is utilized for numerical analysis and sensitivity analysis to demonstrate the model's effectiveness.