Profitability ratio maximization in an inventory model with stock-dependent demand rate and non-linear holding cost
Abstract
This paper studies a deterministic inventory model with a stock-dependent demand pattern where the cumulative holding cost is a non-linear function of both time and stock level. When the monetary resources are limited and the inventory manager can invest his/her money in buying different products, it seems reasonable to select the ones that provide a higher profitability. Thus, a new approach with the aim of maximizing the profitability ratio...
Paper Details
Title
Profitability ratio maximization in an inventory model with stock-dependent demand rate and non-linear holding cost
Published Date
Feb 1, 2019
Volume
66
Pages
643 - 661
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