Optimal Inventory Policy.

£125 · Offered by Maggs Bros Ltd

The first separate appearance of the Arrow, Harris, and Marschak contribution on optimal inventory policy, also published in the same year in the journal Econometrica, ‘a milestone in a field that, if not neglected, was until then at least patch and unintegrated. To this day it has remained a classic, in many ways a starting point and inspiration’ (Feiwel, Arrow and the Ascent of Modern Economic Theory, p. 109).

• Year: 1951

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