EPQ Model for Stock-Dependent Demand with Setup Cost Dependent on Population Under Green Environment

Globally, the setup cost is the most crucial problem in the marketplace. Product deterioration becomes a very major problem to control the deterioration rate we used preservation technology. Also, to protect the environment, we invest in green technology such as we used renewable resources in the production process and storage process, etc. In this paper, we developed a production inventory model in which the production rate is demand-dependent and includes above mention factor. Our aim is to find the optimal decision for the manufacturer. From the sensitivity analysis, we conclude that on increases in the deterioration reduction technique parameter the order quantity slightly increases. But the total cost decreases. Numerical validation of the model is taken by using the software Mathematica 12.0. Sensitivity analysis is carried out for the behavior of different parameters on optimal cost.