Sunil Sharma

Erik W. Larson

C. Erik Larson

Lars J. Olson

Since its introduction by Arrow, Harris and Marschak 1951], the (s, S) inventory model has been used in a variety of ways. It has been used to characterize the dynamics of inventory adjustment by firms (see the survey by Porteus 1990]), understand the demand for money by different agents, analyze price-setting behavior when there are fixed costs associated with a decision to change prices, and examine the macroeconomic implications of inventory policies

Lars J. Olson

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