Expectations and Undesired Inventory
Both economists and businessmen are interested in knowing whether inventories are higher or lower than firms desire: Economists because it would provide a clue to the structure of business expectations, businessmen because it would give some indication of the future trend of business. In this paper a model is presented with the aid of which an estimate, however crude, of the amount of undesired inventory in the economy is made from market data.
Year of publication: |
1957
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Authors: | Mills, Edwin S. |
Published in: |
Management Science. - Institute for Operations Research and the Management Sciences - INFORMS, ISSN 0025-1909. - Vol. 4.1957, 1, p. 105-109
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Publisher: |
Institute for Operations Research and the Management Sciences - INFORMS |
Saved in:
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