A Stochastic Control Model for the Average Price of Manufacturer Sales on Commodity Exchanges

被引：3
|
作者：
Vavilov, S. A. [1 ]
Kuznetsov, K. S. [1 ]
机构：
[1] St Petersburg State Univ, St Petersburg, Russia
来源：
AUTOMATION AND REMOTE CONTROL | 2019年 / 80卷 / 06期
关键词：
commodity exchanges; random processes; sales management;
D O I：
10.1134/S0005117919060080
中图分类号：
TP [自动化技术、计算机技术];
学科分类号：
0812 ;
摘要：
We propose an approach for controlling the weighted average price of a manufacturers sales on commodity exchanges. This problem is highly relevant due to the need for the manufacturer to hedge their profits in case of a sharp drop in market prices. We consider applications of the proposed control to executing trading operations on real commodity exchanges in order to demonstrate its efficiency.
引用
收藏
页码：1098 / 1108
页数：11
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