Accession Number : AD0768139

Title :   Pricing and Inventory Policies,

Corporate Author : ARMY MATERIEL COMMAND TEXARKANA TEX INTERN TRAINING CENTER

Personal Author(s) : Finley,James David

Report Date : JUL 1972

Pagination or Media Count : 72

Abstract : The purpose of the research was to explore the feasibility of using profit rather than cost as the criteria for solving several traditional inventory systems. The motivation for profit optimization is basic to theory of the firm. The underlying equation for this research is: Profit = Sales - Costs. The costs considered are exclusively those associated with inventory. Sales is considered a linear or quadratic function of price. In deciding whether this approach was feasible, three inventory systems were examined; economic lot-size, economic order-level, and economic order-level - lot-size systems. (Modified author abstract)

Descriptors :   (*INVENTORY CONTROL, OPTIMIZATION), INDUSTRIAL PRODUCTION, MANAGEMENT PLANNING AND CONTROL, ECONOMICS, MATHEMATICAL MODELS

Subject Categories : Administration and Management
      Economics and Cost Analysis

Distribution Statement : APPROVED FOR PUBLIC RELEASE