The combined effects of interest and inflation rates on inventory systems: A comparative analysis across countries

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dc.authoridTirkolaee, Erfan Babaee/0000-0003-1664-9210
dc.authoridSimic, Vladimir/0000-0001-5709-3744
dc.authorwosidTirkolaee, Erfan Babaee/U-3676-2017
dc.authorwosidSimic, Vladimir/B-8837-2011
dc.contributor.authorKhakbaz, Amir
dc.contributor.authorMensi, Walid
dc.contributor.authorTirkolaee, Erfan Babaee
dc.contributor.authorHammoudeh, Shawkat
dc.contributor.authorSimic, Vladimir
dc.date.accessioned2024-05-19T14:42:52Z
dc.date.available2024-05-19T14:42:52Z
dc.date.issued2023
dc.departmentİstinye Üniversitesien_US
dc.description.abstractInterest and inflation rates are among the most important economic indicators of any country. Inventory management is also known as one of the most critical components of supply chains and logistics systems. This study conducts a comparative study to analyze the combined effects of interest and inflation rates on inventory systems in different countries as part of macroeconomics. To do so, a novel inventory model is developed by accounting for interest rate, inflation, and increasing linear demand over time which affect inventory costs. In terms of the main parameters, the developed model is divided into two groups, where each group is solved separately. The results demonstrate that Venezuela, Sudan, Zimbabwe, Iran, and Liberia are the five countries with the most potential volume of hoarding of goods. These countries should increase their interest rates by at least 118.06%, 22.42%, 7.84%, 10.84%, and 6.94%, respectively, to counter the increasing amount of hoarding. Moreover, the findings reveal that Venezuela, Zimbabwe, Iran, Sudan, and Turkey, have the highest cost of inventory systems.en_US
dc.identifier.doi10.1016/j.ijpe.2023.109035
dc.identifier.issn0925-5273
dc.identifier.issn1873-7579
dc.identifier.scopus2-s2.0-85171359653en_US
dc.identifier.scopusqualityQ1en_US
dc.identifier.urihttps://doi.org10.1016/j.ijpe.2023.109035
dc.identifier.urihttps://hdl.handle.net/20.500.12713/5294
dc.identifier.volume266en_US
dc.identifier.wosWOS:001149842200001en_US
dc.identifier.wosqualityN/Aen_US
dc.indekslendigikaynakWeb of Scienceen_US
dc.indekslendigikaynakScopusen_US
dc.language.isoenen_US
dc.publisherElsevieren_US
dc.relation.ispartofInternational Journal of Production Economicsen_US
dc.relation.publicationcategoryMakale - Uluslararası Hakemli Dergi - Kurum Öğretim Elemanıen_US
dc.rightsinfo:eu-repo/semantics/closedAccessen_US
dc.snmz20240519_kaen_US
dc.subjectInventory Systemsen_US
dc.subjectGolden Interest Rateen_US
dc.subjectInflation Rateen_US
dc.subjectHoardingen_US
dc.subjectInventory Costsen_US
dc.titleThe combined effects of interest and inflation rates on inventory systems: A comparative analysis across countriesen_US
dc.typeArticleen_US

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