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Material Balances under Uncertainty

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  • Martin L. Weitzman

Abstract

I. Introduction, 262. — II. The economic environment, 263. — III. Mechanics of planning, 265. — IV. Material reserves, 266. — V. Plan formulation and material balances. 267. — VI. Effects of uncertainty, 268. — VII. Plan execution and the costs of incorrect planning, 270. — VIII. Short- and long-term plans, 272. — IX. Optimal planning and dynamics programming, 273. — X. Sensitivity analysis, 276. — XI. Concluding remarks, 278. — Appendix: Proof of the form of an optimal policy, 278.
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Suggested Citation

  • Martin L. Weitzman, 1969. "Material Balances under Uncertainty," Cowles Foundation Discussion Papers 286, Cowles Foundation for Research in Economics, Yale University.
    • Handle: RePEc:cwl:cwldpp:286
    Note: CFP 347.
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    References listed on IDEAS

    as
    1. R. Bellman & I. Glicksberg & O. Gross, 1955. "On the Optimal Inventory Equation," Management Science, INFORMS, vol. 2(1), pages 83-104, October.
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