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Risk in Inventory Models: The Case of the Newsboy Problem—Optimality Conditions

 

作者: ChungKee H.,  

 

期刊: Journal of the Operational Research Society  (Taylor Available online 1990)
卷期: Volume 41, issue 2  

页码: 173-176

 

ISSN:0160-5682

 

年代: 1990

 

DOI:10.1057/jors.1990.25

 

出版商: Taylor&Francis

 

关键词: Finance;Inventory;Risk

 

数据来源: Taylor

 

摘要:

AbstractA recent article in this journal employs the capital-asset pricing model for the analysis of the newsboy problem and shows how the covariance risk affects the optimal inventory policy. The purpose of this paper is to sharpen the optimality conditions given by the article and hence to provide a simple method for finding the solution. Under reasonable assumptions, this paper shows that the optimal ordering policy can be described by a single equation, regardless of the sign of the covariance term.

 

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