The model presented in this paper deals with a firm facing a known price which varies over time during some finite period [0, T]. The firm wishes to determine the production rate at each instant of that interval which will maximize profit, when adjustment of output incurs additional cost. In the...

Several versions of a mathematical programming model which determines attribute weights for each consumer are empirically eavluated using data on dry cereals and automobiles. The model is found to be a good predictor of consumer preferences, particularly for dry cereals. Managerial implications...

In many perishable product inventory systems where the issuing of stock to meet demand is controlled by the consumer, the movement of units through the system obeys a LIFO discipline. In this paper the evolution over time of the LIFO inventory stock age distribution in an environment of...

This paper considers the impact of tax liabilities on optimal inventory policy through the medium of FIFO and LIFO tax valuation schemes in a stochastic environment. The relationship between inventory policy and changes in either the rate of inflation or the corporate tax rate is investigated....