search query: @author Gaimon, C. / total: 7
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| Author: | Gaimon, C. |
| Title: | Simultaneous and dynamic price, production, inventory and capacity decisions. |
| Journal: | European Journal of Operational Research
1988 : JUN, VOL. 35:3, p. 426-441 |
| Index terms: | PRICING CAPACITY PRODUCTION |
| Language: | eng |
| Abstract: | A profit maximizing firm is concerned that derives the optimal price for its output, level of output, level of inventory, and composition of productive capacity over time. First, it is assumed that capacity may be acquired to either increase or replace the firm's existing productive capacity. Second, it is assumed that the acquisition of new capacity causes a reduction in the firm's production cost. Lastly, it is assumed that demand, which is expressed as a function of time and price, must be met either from current production or from inventory. |
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