On a Class of Optimal Stock Depletion Policies

Jan Mossin
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Jan Mossin: Norwegian School of Economics and Business Administration

Management Science, 1966, vol. 13, issue 1, 120-130

Abstract: The following problem is solved by the calculus of variations: How should a monopolist sell off a fixed stock of a commodity so as to maximize the present value of profits if demand per time unit is linear in price and subject to exogenous growth, deterioration is proportional to remaining stock, and carrying cost is proportional to stock.

Date: 1966
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