ZHANG, JIANG; SOBEL, MATTHEW J. - In: Asia-Pacific Journal of Operational Research (APJOR) 27 (2010) 04, pp. 477-492
We model the inventory decisions of a firm that maximizes its market value, namely, the expected present value of the time stream of dividends issued to its shareholders. The firm is single-product and equity-owned, it orders products from an outside supplier, its only short-term borrowing is...