Profitability Index Maximization in an Inventory Model with a Price- and Stock-Dependent Demand Rate in a Power-Form

Profitability Index Maximization in an Inventory Model with a Price- and Stock-Dependent Demand Rate in a Power-Form

This paper presents the optimal policy for an inventory model where the demand rate potentially depends on both selling price and stock level. The goal is the maximization of the profitability index, defined as the ratio income/expense. A numerical algorithm is proposed to calculate the optimal sell...

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Bibliographic Details
Main Authors: Valentín Pando, Luis A. San-José, Joaquín Sicilia, David Alcaide-López-de-Pablo
Format: Article
Language:English
Published: MDPI AG 2021-05-01
Series:Mathematics
Subjects:
inventory models
price- and stock-dependent demand
profitability index maximization
isoelastic price-dependent demand
Online Access:https://www.mdpi.com/2227-7390/9/10/1157

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