Production Smoothing in the Linear Quadratic Inventory Model
- 1 July 1994
- journal article
- Published by Oxford University Press (OUP) in The Economic Journal
- Vol. 104 (425) , 864
- https://doi.org/10.2307/2234980
Abstract
Contrary to popular belief, the linear quadratic inventory model does not imply that, in response to demand shocks, output is always less variable than sales. W...Keywords
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