TY - JOUR
T1 - Buffer stocks operation with different supply specification
T2 - A simulation analysis
AU - Bigman, David
N1 - Funding Information:
The main tool of our analysis is a simulation model. This model enables estimation of the relevant performance measures and generates their frequency distributions on the basis of the assumed market structure and the policy rules. There is an obvious limitation in an analysis which is based on simulation experiments, in that it depends on the specific values of the predetermined parameters and its conclusions (*) A previous version of this paper has been presented at a Conference on Simulation of Agricultural Hydrological and Ecological Systems. Weizman Institute of Science, 1981. The research was supported by a grant from the United States Israel (Binational)Agricultural Research & Development Fund (BARD).
PY - 1982/1/1
Y1 - 1982/1/1
N2 - The paper examines, via simulation analysis the stabilizing effects of buffer stocks under different forms of supply functions, where each specification of the supply function represents a different expectational form about future prices. The analysis is carried out under different assumptions of the market structure allowing, in particular, for the effects of serial correlation. The paper concludes that the specific effects of buffer stocks strongly depends on the economic environment wuthin which they operate.
AB - The paper examines, via simulation analysis the stabilizing effects of buffer stocks under different forms of supply functions, where each specification of the supply function represents a different expectational form about future prices. The analysis is carried out under different assumptions of the market structure allowing, in particular, for the effects of serial correlation. The paper concludes that the specific effects of buffer stocks strongly depends on the economic environment wuthin which they operate.
UR - http://www.scopus.com/inward/record.url?scp=0020096614&partnerID=8YFLogxK
U2 - 10.1016/0378-4754(82)90054-4
DO - 10.1016/0378-4754(82)90054-4
M3 - Article
AN - SCOPUS:0020096614
SN - 0378-4754
VL - 24
SP - 77
EP - 87
JO - Mathematics and Computers in Simulation
JF - Mathematics and Computers in Simulation
IS - 1
ER -