On the optimality of output inventory decisions of a firm under imperfect stochastic markets

DOI10.1080/00207728508926739MaRDI QIDQ3685524zbMATH OpenOpenAlexFDO

Authors Phillip F. Fanchon, J. K. Sengupta

Publication date 1985

Published in International Journal of Systems Science. Principles and Applications of Systems and Integration (Search for Journal in Brave)

Full work available at URL https://doi.org/10.1080/00207728508926739

zbMATH Keywords

firm behaviourimperfectly competitive stochastic marketsoptimality of output inventory decisionsrisk averse firmsuboptimal strategiestheory of the firm

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Production models (90B30) Microeconomic theory (price theory and economic markets) (91B24) Production theory, theory of the firm (91B38)

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Cites work

• A General Solution for Linear Decision Rules: An Optimal Dynamic Strategy Applicable under Uncertainty
• A two-period stochastic inventory model
• scientific article; zbMATH DE number 3244413 (Why is no real title available?)
• scientific article; zbMATH DE number 3200262 (Why is no real title available?)
• Production Planning Over Time and the Nature of the Expectation and Planning Horizon
• The Multi-Period Control Problem Under Uncertainty

Cited in

(5)

• Optimal monopolistic strategy under demand uncertainty
• Financial risk, inventory decision and process improvement for a firm with random capacity
• The Monopolistic Firm, Random Demand, and Bayesian Learning
• How useful is commonality? Inventory and production decisions to maximize survival probability in start-ups
• scientific article; zbMATH DE number 880261 (Why is no real title available?)

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