REVIEW OF STOCK DEPENDENT DEMAND INVENTORY MODELS
Abstract
ABSTRACT
This study provides a comprehensive review of inventory models that incorporate stock-dependent demand assumptions where the customer demand is directly influenced by the quantity of inventory displayed. Traditional inventory models, which assume constant demand, often lead to sub-optimal decisions such as excessive holding costs, stock-outs, or overstocking in real world environments where demand is dynamic. This study reviewed the development, assumptions and advancements of these specialized models with a particular focus on their application to deteriorating items
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