Aug. 6, 2016
5:24 a.m.
Steven D'Aprano writes:
On Fri, Aug 05, 2016 at 11:30:35PM +0900, Stephen J. Turnbull wrote:
I can even think of a case where clamp could be used with a constant control and a varying bound: S-s inventory control facing occasional large orders in an otherwise continuous, stationary demand process.
Sounds interesting. Is there a link to somewhere I could learn more about this?
The textbook I use is Nancy Stokey, The Economics of Inaction https://www.amazon.co.jp/s/ref=nb_sb_noss?__mk_ja_JP=%E3%82%AB%E3%82%BF%E3%82%AB%E3%83%8A&url=search-alias%3Daps&field-keywords=nancy+stokey+economics+inaction The example I gave is not a textbook example, but is an "obvious" extension of the simplest textbook models.