Optimal Ordering Strategy for Goods at Multiple Retail Prices under Simultaneous Sales

Table 3

Comparison of the results with and without order quantity constraint.

	Without order quantity constraint				With order quantity constraint
		Optimal total order quantity	Ordering cost	Expected profit		Approximate optimal total order quantity	Ordering cost	Expected profit
1	0	459.78	6896.68	7240.92	9.5050	554.15	8312.21	6640.51
2	0	738.63	11079.41	11837.93	-7.5842	700.00	10500.00	11695.56
3	0	854.30	12814.43	12843.67	-25.0693	700.00	10500.00	10956.92