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Maximization of unit present profit in inventory management systems. (English. Russian original) Zbl 1455.90093

Autom. Remote Control 81, No. 5, 843-852 (2020); translation from Avtom. Telemekh. 2020, No. 5, 106-118 (2020).
Summary: We consider a profit maximization model for a trading company taking into account the intensity of the sale of goods and the costs of purchase, delivery, storage and sale, as well as the possibility of alternative placement of free capital. We show that the profit function, depending on the period of delivery of the goods, has a single maximum point. We construct a model and develop algorithms for solving the profit maximization problem in multinomenclature systems with bounded floating capital.

MSC:

90B50 Management decision making, including multiple objectives
90B05 Inventory, storage, reservoirs
90C39 Dynamic programming
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