An Inventory Model for Seasonal products with varying demand function and price discount

Abstract

Typically, demand is modelled as either an increasing or decreasing function. However, when dealing with seasonal products, the demand tends to follow a variable pattern. In this paper, we adopt a sin function to represent the fluctuating demand. Additionally, we introduce a discount strategy for the product, activated after a specific duration. In this context, we are focusing on optimizing to enhance profit maximization.