| Article ID: | iaor20063056 |
| Country: | China |
| Volume: | 22 |
| Issue: | 3 |
| Start Page Number: | 223 |
| End Page Number: | 225 |
| Publication Date: | Jun 2005 |
| Journal: | Journal of Chongqing Technology and Business University |
| Authors: | Yang Jun, Li Qingyu |
Stock model of economical order batch is established under the objective of total profit according to the hypothesis of demand rate's relying on selling price. By using extreme-value theory, this paper studies optimal order batch, optimal selling price and how to define optimal order cycle and deduces the related calculation formula and points out simple and feasible method to find optimal strategy in reality.