Note---Note on "Optimal Ordering Quantity to Realize a Pre-Determined Level of Profit"

E. Sankarasubramanian and S. Kumaraswamy
Additional contact information
E. Sankarasubramanian: A.M. Jain College, Madras, India
S. Kumaraswamy: A.C. College of Technology, Madras, India

Management Science, 1983, vol. 29, issue 4, 512-514

Abstract: In this note we consider the one-period inventory model in which it is required to determine the order quantity which maximizes the probability of realizing a predetermined level of profit R. We give a condition for determining the optimal order quantity and provide explicit expressions for the optimal order quantity in three special cases.

Keywords: inventory/production/stochastic; models (search for similar items in EconPapers)
Date: 1983
References: Add references at CitEc
Citations: View citations in EconPapers (18)

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.29.4.512 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:29:y:1983:i:4:p:512-514

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().