Analytic decision rules and horizon rules are developed for the warehousing problem. A stochastic warehousing problem is defined and solved, first by backwards induction, then by means of a forward working algorithm. The influence of holding costs and discount rates on forecasting horizons is illustrated.
MLA
Charnes, Abraham, et al. “Decision and Horizon Rules for Stochastic Planning Problems: A Linear Example.” Econometrica, vol. 34, .no 2, Econometric Society, 1966, pp. 307-330, https://www.jstor.org/stable/1909935
Chicago
Charnes, Abraham, Jacques Dreze, and Merton Miller. “Decision and Horizon Rules for Stochastic Planning Problems: A Linear Example.” Econometrica, 34, .no 2, (Econometric Society: 1966), 307-330. https://www.jstor.org/stable/1909935
APA
Charnes, A., Dreze, J., & Miller, M. (1966). Decision and Horizon Rules for Stochastic Planning Problems: A Linear Example. Econometrica, 34(2), 307-330. https://www.jstor.org/stable/1909935
The Executive Committee of the Econometric Society has approved an increase in the submission fees for papers in Econometrica. Starting January 1, 2025, the fee for new submissions to Econometrica will be US$125 for regular members and US$50 for student members.
By clicking the "Accept" button or continuing to browse our site, you agree to first-party and session-only cookies being stored on your device. Cookies are used to optimize your experience and anonymously analyze website performance and traffic.
