The paper discusses the use of adjusted present value techniques in a problem of inventory management, the temporary sale price problem, in the presence of equity or debt Þnancing. While traditional net present value approaches produce results very similar to those of the average cost approach, our consideration of the capital structure of the Þrm opens the way to theoretically and numerically di¤erent inventory policies
Capital Structure and Inventory Management: the Temporary Sale Price
PECCATI, LORENZO;LUCIANO, ELISA
1999
Abstract
The paper discusses the use of adjusted present value techniques in a problem of inventory management, the temporary sale price problem, in the presence of equity or debt Þnancing. While traditional net present value approaches produce results very similar to those of the average cost approach, our consideration of the capital structure of the Þrm opens the way to theoretically and numerically di¤erent inventory policies
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