Browsing by Subject "Inventory Control."

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    Price dependent procurement decisions in one-period inventory problem
    (1989) Polatoğlu, Hakan
    In this work the classical newsboy model is extended by introducing a price dependent demand pattern. It is intended to obtain optimal procurement and pricing decisions for maximizing the expected profit. It is shown that, both decisions can be made simultaneously if we are able to identify the effects of price on the demand process.
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    Unit demands inventory system with acceptance sampling
    (1989) Akbaş, Zeki
    In this study, an extension to the unit demands inventory model with exponentially distributed interdemand times is considered. In this extension orders may arrive in two shipments due to an acceptance sampling scheme. The defective items that are detected by the plan will arrive through a second shipment. A reorder-point, order-quantity (s,Q) type control plan is adopted. The corresponding cost-rate function is constructed and numerically optimized for the best operating policy.