Some Analysis of Purchasing Policy

William T. Morris
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William T. Morris: Department of Industrial Engineering, The Ohio State University

Management Science, 1959, vol. 5, issue 4, 443-452

Abstract: Several well known purchasing policies or "buying strategies" are studied by-means of simple mathematical models. The basic properties of these policies are demonstrated under the assumption that future market prices are viewed as random variables. An optimal policy for forward buying is obtained, and strategies for dollar averaging and speculation are investigated.

Date: 1959
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Persistent link: https://EconPapers.repec.org/RePEc:inm:ormnsc:v:5:y:1959:i:4:p:443-452

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