Optimum ordering interval of inventory with random price functions: a sample path analysis

dc.contributor.author	Lahiri, Somdeb
dc.date.accessioned	2010-03-22T05:17:35Z
dc.date.available	2010-03-22T05:17:35Z
dc.date.copyright	1987-07
dc.date.issued	2010-03-22T05:17:35Z
dc.identifier.uri	http://hdl.handle.net/11718/1500
dc.description.abstract	In this paper we extend the analysis of optimum ordering interval for inventory, carried out by Mukherjee, to incorporate random price schedules observed by firms. We obtain the expression for optimum cycle length by minimizing the expected total cost per unit time. In effect we carry out a sample path analysis. We also study the relationship between optimal interval and probability distributions in the polar case of constant decay rate and a Bernoulli probability measure.	en
dc.language.iso	en	en
dc.relation.ispartofseries	WP;1987/692
dc.subject	sample path analysis	en
dc.subject	Inventory	en
dc.subject	random price functions
dc.title	Optimum ordering interval of inventory with random price functions: a sample path analysis	en
dc.type	Working Paper	en