Abstract
In this paper we develop a general profit maximization model for single-period two-product substitution problem, and show that it is concave and submodular. Then we obtain the optimal condition for order quantity, which is similar to the solution of the new sboy model.
| Translated title of the contribution | The Study on the inventory model with substitution (I): Optimization solution |
|---|---|
| Original language | Chinese (Simplified) |
| Pages (from-to) | 63-68 |
| Journal | 系统工程理论与实践 |
| Volume | 23 |
| Issue number | 6 |
| Publication status | Published - Jun 2003 |
| Externally published | Yes |
Research Keywords
- 库存模型
- 最优条件
- 可替代产品
- inventory model
- optimization condition
- substitution
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