Keep or return? Managing ordering and return policies in start-up companies

摘要: Abstract Start-up companies are considered an important factor in the success of a nation’s economy. We interested decisions for long-term survival these firms when they have considerable cash restrictions. In this paper we analyse several inventory control models to manage purchasing and return policies. The Markov decision formulated both established that look at maximising average profit start-up their probability. contrast objectives, present properties policies probabilities. find may need be riskier if price is very low, but there period where firm becomes more cautious than company point, as it accumulates capital, starts behaving firm. compare various give conditions under which equivalent.