Inventory Replenishment for Profit Maximization over a Finite Horizon under One-time Cost Changes

F. J. Arcelus, T. P. M. Pakkala and G. Srinivasan

Global Business Review, 2018, vol. 19, issue 3_suppl, S235-S248

Abstract: This article considers the optimal inventory ordering, purchasing and holding policies of the profit-maximization problem, as against the well-known cost-minimization case, over a finite horizon of length H , under two special conditions. First, there is change in at least one of the inventory costs, that is, in the cost of ordering and/or purchasing/holding, at some point, T c

Keywords: Inventory profit maximization; finite horizon; abandonment option (search for similar items in EconPapers)
Date: 2018
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Persistent link: https://EconPapers.repec.org/RePEc:sae:globus:v:19:y:2018:i:3_suppl:p:s235-s248

DOI: 10.1177/0972150918758099

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