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

Table 4

(a) Optimal total order quantity without order quantity constraint when demand standard deviation increases

	Optimal total order quantity of	Optimal total order quantity of	Optimal total order quantity of	Optimal total order quantity of	Optimal total order quantity of
1	433.10	459.78	486.46	513.14	539.82
2	705.29	738.63	771.97	805.30	838.64
3	811.52	854.30	897.07	939.85	982.63

(b) Approximate optimal total order quantity with order quantity constraint when demand standard deviation increases

	Approximate optimal total order quantity of	Approximate optimal total order quantity of	Approximate optimal total order quantity of	Approximate optimal total order quantity of	Approximate optimal total order quantity of
1	480.28	554.15	628.01	700.00	700.00
2	700.00	700.00	700.00	700.00	700.00
3	700.00	700.00	700.00	700.00	700.00