Inventory policies under various optimizing criteria and variable markup rates
Article Abstract:
A deterministic 'EOQ' model is extended to reflect alternative demand and price structures. Decision rules are developed for the management of inventories of finished goods in which the inventories are treated as profit-generating investments, rather than according to the least-cost basis. In the models developed, demand is treated as a function of price, and price is defined as a markup of unit cost. Optimal solutions and inventory policies for each case are discussed.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1987
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Computing block-angular Karmarkar projections with applications to stochastic programming
Article Abstract:
Researchers have devised a variant of Karmarkar's algorithm for stochastic linear programs and other block-angular structured linear programs. Efficient computing of the projection allows researchers to give a worst-case bound on the order of the running time. The worst case bound is an order of magnitude better than Karmarkar's standard algorithm.
Publication Name: Management Science
Subject: Business, general
ISSN: 0025-1909
Year: 1988
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