Optimal Sale of a Commodity Stockpile

Robert H. Kupperman and Harvey A. Smith
Additional contact information
Robert H. Kupperman: Office of Emergency Preparedness, Executive Office of the President
Harvey A. Smith: Office of Emergency Preparedness, Executive Office of the President

Management Science, 1970, vol. 16, issue 11, 751-758

Abstract: The problem of maximizing the present value of the return from sale of a commodity stockpile is solved for a linear Walrasian market. Approximations and bounds are given and the practical utility of knowing the solution is discussed. The impact of such sales on the producing industry and the distribution of this impact are also studied. Mossin in [Mossin, Jan. 1966. On a class of optimal stock depletion policies. Management Sci. 13(1, September).] has solved an allied problem having a special case in common with the one treated here.

Date: 1970
References: Add references at CitEc
Citations:

Downloads: (external link)
http://dx.doi.org/10.1287/mnsc.16.11.751 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:16:y:1970:i:11:p:751-758

Access Statistics for this article

More articles in Management Science from INFORMS Contact information at EDIRC.
Bibliographic data for series maintained by Chris Asher ().