• DocumentCode
    3505477
  • Title

    A Kind of Inventory Policy Model under the Financial Budget

  • Author

    Sun Jinzhong ; Lin Jian

  • Author_Institution
    Sch. of Manage., Beihang Univ., Beijing
  • fYear
    2007
  • fDate
    21-25 Sept. 2007
  • Firstpage
    4415
  • Lastpage
    4418
  • Abstract
    The existed inventory models hardly consider the impact effect on the price of stock item by the inventory actions of enterprises. On the assumption that the supply of stock item is fixed, the paper analyses the impact effects of inventory actions and gets the optimal dynamic inventory policy under the financial budget. The result of simulations illustrates that the inventory actions of enterprises has certain affections on the price of item. Under the continuous changes of item price and residual inventory bankroll, the optimal inventory policy is a process of dynamic adjustment, and the optimal purchase quantity in every stock period increases by degree.
  • Keywords
    banking; budgeting; inventory management; optimisation; pricing; financial budget; inventory bankroll; inventory policy model; item price; optimal dynamic inventory policy; optimal purchase quantity; stock item supply; Arithmetic; Cost function; Delay effects; Displays; Dynamic programming; Forward contracts; Gaussian distribution; Inventory management; Investments; Sun;
  • fLanguage
    English
  • Publisher
    ieee
  • Conference_Titel
    Wireless Communications, Networking and Mobile Computing, 2007. WiCom 2007. International Conference on
  • Conference_Location
    Shanghai
  • Print_ISBN
    978-1-4244-1311-9
  • Type

    conf

  • DOI
    10.1109/WICOM.2007.1089
  • Filename
    4340864