The optimality representation of a finite-life inventory model with exiguous defectives with Hessian matrix approach.

Businesses use inventory modelling to estimate the ideal level of inventories to be kept in a production process. This procedure entails controlling the quantity of goods or raw materials to be stoi-ed. the frequency of orders, and the supply flow. The primary task would be to reduce the overall cost incurred during the production process. This study examines a finite-life inventory model that permits a very small number of de fective products. illustrates the optimal order quantity. and explores how to optimal the second-degree total cost function while validating its optimality with a Hessian matrix. In addition. a numerical analysis is performed, and the findings are described. [ABSTRACT FROM AUTHOR]