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    Please use this identifier to cite or link to this item: http://tkuir.lib.tku.edu.tw:8080/dspace/handle/987654321/20111

    Title: A Monopoly Agent's Optimal Control on Inventory and Prices over a Given Selling Planning Horizon
    Authors: Chen, Miao-sheng;Lai, Kwei-Kwei
    Contributors: 淡江大學經營決策學系
    Keywords: Monopoly Agent;Inventory;Optimal Control
    Date: 1992-12
    Issue Date: 2013-06-07 10:34:59 (UTC+8)
    Publisher: Taipei: Tamkang University
    Abstract: This paper is explores the linear model of how inventory and selling prices on
    monopolized goods over a given selling planning horizon. The aim of the model is to
    determine what quantity of initial ordering should be made and how to control the
    selling price over time, in order to obtain maximum profit. profit is the difference
    between the revenue from the goods being sold and the purchasing and holding costs
    being paid, based on the calculus of variations, we have developed a method to find
    the optimal solution of the model. With the special characteristics of such a solution,
    we found that within a time period, after a certain point in time, sales will decrease as
    time goes on, within this period of time sales will be quickest of first and slowest of
    the end. With any two points of time, the difference between the selling speed at the
    former point of time and at the latter point of time shall increase as the unit holding
    cost increases but will decrease as the slope of the demand function rises, on the
    extreme conditions, when the nit holding cost is zero or the slope of the demand
    function is infinite, the selling speed of goods at any two point of time are equal.
    Relation: International Journal of Information and Management Sciences 3(2), pp.69-77
    Appears in Collections:[管理科學學系暨研究所] 期刊論文

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