On the optimality of output inventory decisions of a firm under imperfect stochastic markets

DOI10.1080/00207728508926739zbMath0568.90010OpenAlexW1987427936MaRDI QIDQ3685524

Jati K. Sengupta, Phillip F. Fanchon

Publication date: 1985

Published in: International Journal of Systems Science (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1080/00207728508926739

zbMATH Keywords

theory of the firmfirm behavioursuboptimal strategiesimperfectly competitive stochastic marketsoptimality of output inventory decisionsrisk averse firm

Mathematics Subject Classification ID

Production models (90B30) Production theory, theory of the firm (91B38) Microeconomic theory (price theory and economic markets) (91B24) Inventory, storage, reservoirs (90B05)

Cites Work

• A two-period stochastic inventory model
• A General Solution for Linear Decision Rules: An Optimal Dynamic Strategy Applicable under Uncertainty
• The Multi-Period Control Problem Under Uncertainty
• Production Planning Over Time and the Nature of the Expectation and Planning Horizon
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