Essays on inventory, pricing and financial trading strategies

[摘要] (cont.) In particular, I consider a greedy policy, which involves at each stage buying a quantity that drives the temporary price to the security safety price. I show that the greedy policy is not always optimal and provide conditions under which the greedy policy is optimal. I also provide bounds on the performance of the greedy policy relative to the performance of the optimal policy.

[发布机构] Massachusetts Institute of Technology