This article is cited in 2 papers

Control in Social Economic Systems

A stochastic control model for the average price of manufacturer sales on commodity exchanges

S. A. Vavilov, K. S. Kuznetsov

St. Petersburg State University, St. Petersburg, Russia

Abstract: 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.

Keywords: commodity exchanges, random processes, sales management.


Received: 08.12.2016
Revised: 09.01.2019
Accepted: 07.02.2019

DOI: 10.1134/S0005231019060084

 English version: Automation and Remote Control, 2019, 80:6, 1098–1108

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