Evaluating investment in inventory policy: A net present value framework

Yong H. Kim; George C. Philippatos; Kee H. Chung

doi:10.1080/00137918608902931

Evaluating investment in inventory policy: A net present value framework

Yong H. Kim
, George C. Philippatos
, Kee H. Chung

Finance

University of Cincinnati
University of Tennessee

Research output: Contribution to journal › Article › peer-review

53 Scopus citations

Abstract

This paper provides a method for evaluating investment in inventory that is consistent with a wealth maximizing objective. Theoretical superiority and conceptual straightforwardness of the proposed approach arc demonstrated via development of the net present value maximizing models for various inventory systems. Some important financial implications of the study are also discussed.

Original language	English
Pages (from-to)	119-136
Number of pages	18
Journal	Engineering Economist
Volume	31
Issue number	2
DOIs	https://doi.org/10.1080/00137918608902931
State	Published - Jan 1 1986

Access to Document

10.1080/00137918608902931

Cite this

@article{829efae3c2e7420dbebe287b3880cff6,

title = "Evaluating investment in inventory policy: A net present value framework",

abstract = "This paper provides a method for evaluating investment in inventory that is consistent with a wealth maximizing objective. Theoretical superiority and conceptual straightforwardness of the proposed approach arc demonstrated via development of the net present value maximizing models for various inventory systems. Some important financial implications of the study are also discussed.",

author = "Kim, \{Yong H.\} and Philippatos, \{George C.\} and Chung, \{Kee H.\}",

year = "1986",

month = jan,

day = "1",

doi = "10.1080/00137918608902931",

language = "English",

volume = "31",

pages = "119--136",

journal = "Engineering Economist",

issn = "0013-791X",

publisher = "Taylor and Francis Ltd.",

number = "2",

}

TY - JOUR

T1 - Evaluating investment in inventory policy

T2 - A net present value framework

AU - Kim, Yong H.

AU - Philippatos, George C.

AU - Chung, Kee H.

PY - 1986/1/1

Y1 - 1986/1/1

N2 - This paper provides a method for evaluating investment in inventory that is consistent with a wealth maximizing objective. Theoretical superiority and conceptual straightforwardness of the proposed approach arc demonstrated via development of the net present value maximizing models for various inventory systems. Some important financial implications of the study are also discussed.

AB - This paper provides a method for evaluating investment in inventory that is consistent with a wealth maximizing objective. Theoretical superiority and conceptual straightforwardness of the proposed approach arc demonstrated via development of the net present value maximizing models for various inventory systems. Some important financial implications of the study are also discussed.

UR - https://www.scopus.com/pages/publications/0022871410

U2 - 10.1080/00137918608902931

DO - 10.1080/00137918608902931

M3 - Article

AN - SCOPUS:0022871410

SN - 0013-791X

VL - 31

SP - 119

EP - 136

JO - Engineering Economist

JF - Engineering Economist

IS - 2

ER -

Evaluating investment in inventory policy: A net present value framework

Abstract

Access to Document

Other files and links

Fingerprint

Cite this