In this paper we offer a formulation for the "Copy Life Cycle" phenomenon. In particular, we introduce simultaneously three decision variables, the optimal advertising expenditures during a given planning horizon, the optimal times for copy replacements and the optimal investments in the new...

This paper considers the impact of tax liabilities on optimal inventory policy through the medium of FIFO and LIFO tax valuation schemes in a stochastic environment. The relationship between inventory policy and changes in either the rate of inflation or the corporate tax rate is investigated....