scientific article; zbMATH DE number 758125

MaRDI QIDQ4834029zbMATH OpenFDO

Authors Cheng-Kang Chen, K. Jo Min

Publication date 23 May 1995

zbMATH Keywords

inventoryoptimality conditionspricing policiesprofit maximization

Mathematics Subject Classification ID

Inventory, storage, reservoirs (90B05) Microeconomic theory (price theory and economic markets) (91B24)

Recommendations

• Inventory and quantity discount pricing policies under profit maximization
• An optimal inventory pricing and ordering strategy subject to demand dependent on stock level and price
• Optimality of \((s,S,p)\) policy in a general inventory-pricing model with uniform demands
• Optimal decision of price and stock level in consideration of the influence for demand
• Maximization of the return on inventory management expense in a system with price- and stock-dependent demand rate

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