Some Analysis of Purchasing Policy

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.

• 저널Management Science · 5(4) · 443–452
• 토픽Supply Chain and Inventory Management · Management Information Systems
• DOI10.1287/mnsc.5.4.443
• 저자William T. Morris