search query: @author Srinivasan, G. / total: 10
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| Author: | Arcelus, F. J. Srinivasan, G. |
| Title: | Inventory policies under various optimizing criteria and variable markup rates |
| Journal: | Management Science
1987 : JUN, VOL. 33:6, p. 756-762 |
| Index terms: | OPTIMIZATION INVENTORIES PROFIT RETURN ON INVESTMENT |
| Language: | eng |
| Abstract: | The deterministic EOQ model is extended to reflect various optimizing criteria and alternative demand and price structures. Decision rules for the management of finished goods inventories are developed. The models consider demand to be a function of price, with price defined as a markup of unit cost. The decision variables are the order quantity and the markup rate. Possible optimizing objectives include profits, return on investment and residual income. Optimal solutions for each case are obtained. |
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