Accession Number:

AD0768139

Title:

Pricing and Inventory Policies,

Descriptive Note:

Corporate Author:

ARMY MATERIEL COMMAND TEXARKANA TEX INTERN TRAINING CENTER

Personal Author(s):

Report Date:

1972-07-01

Pagination or Media Count:

72.0

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

Subject Categories:

  • Administration and Management
  • Economics and Cost Analysis

Distribution Statement:

APPROVED FOR PUBLIC RELEASE