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Inventory Replenishment for Profit Maximization over a Finite Horizon under One-time Cost Changes

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  • F. J. Arcelus
  • T. P. M. Pakkala
  • G. Srinivasan

Abstract

This article considers the optimal inventory ordering, purchasing and holding policies of the profit-maximization problem, as against the well-known cost-minimization case, over a finite horizon of length H , under two special conditions. First, there is change in at least one of the inventory costs, that is, in the cost of ordering and/or purchasing/holding, at some point, T c

Suggested Citation

  • F. J. Arcelus & T. P. M. Pakkala & G. Srinivasan, 2018. "Inventory Replenishment for Profit Maximization over a Finite Horizon under One-time Cost Changes," Global Business Review, International Management Institute, vol. 19(3_suppl), pages 235-248, June.
    • Handle: RePEc:sae:globus:v:19:y:2018:i:3_suppl:p:s235-s248
    DOI: 10.1177/0972150918758099
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    References listed on IDEAS

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