Note—Note on “Optimal Ordering Quantity to Realize a Pre-Determined Level of Profit”

E. Sankarasubramanian; Sumathi Kumaraswamy

doi:10.1287/mnsc.29.4.512

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Management Science Vol. 29 No. 4 1983

Note—Note on “Optimal Ordering Quantity to Realize a Pre-Determined Level of Profit”

E. Sankarasubramanian¹; Sumathi Kumaraswamy²

¹ A.M. Jain College, Madras, India · ² A.C. College of Technology, Madras, India

Abstract

In this note we consider the one-period inventory model in which it is required to determine the order quantity which maximizes the probability of realizing a predetermined level of profit R. We give a condition for determining the optimal order quantity and provide explicit expressions for the optimal order quantity in three special cases.

DOI: 10.1287/mnsc.29.4.512
Volume: 29
Issue: 4
Pages: 512-514
Language: en
Sources: bibtex:phds-export.bib openalex crossref

Note—Note on “Optimal Ordering Quantity to Realize a Pre-Determined Level of Profit”

Abstract

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