Expectations and Undesired Inventory

Edwin S. Mills
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Edwin S. Mills: Massachusetts Institute of Technology

Management Science, 1957, vol. 4, issue 1, 105-109

Abstract: 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.

Date: 1957
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:4:y:1957:i:1:p:105-109

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