-of-day inventory at an exogenously determined cost. Even though the inventory costs occur only at the end of the day, they impact … trading day approaches, the sensitivity of prices to inventory levels intensifies, making price impact stronger and widening … changes in inventory levels as measured by the cumulative net trading volume. …

shipments. In our inventory model, transportation costs and optimal shipment frequency are determined on the basis of demand as … well as inventory and per shipments costs. Using a cross section of monthly firm-product-destination level French export …