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
Link To Document