We consider an operation comprised of multiple autonomous agents that satisfy external stochastic demand using locally managed inventory. Each agent orders discrete replenishments over discrete time from a common internal supplier, and pays internal transfer prices as a function of order...

The price impact for a single trade is estimated by the immediate response on an event time scale, i.e., the immediate change of midpoint prices before and after a trade. We work out the price impacts across a correlated financial market. We quantify the asymmetries of the distributions and of...