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Maximization of Unit Present Profit in Inventory Management Systems

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Abstract

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.

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Funding

This work was supported by the basic research program of the state academies of sciences for 2013–2020, I.5, project no. 0314-2019-0019 “Analysis and Solution of Design Problems for Complex Systems Using Discrete Optimization Methods.”

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Correspondence to S. A. Malakh or V. V. Servakh.

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This paper was recommended for publication by A. A. Lazarev, a member of the Editorial Board

Russian Text © The Author(s), 2020, published in Avtomatika i Telemekhanika, 2020, No. 5, pp. 106–118.

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Malakh, S.A., Servakh, V.V. Maximization of Unit Present Profit in Inventory Management Systems. Autom Remote Control 81, 843–852 (2020). https://doi.org/10.1134/S0005117920050057

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