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Web18 mrt. 2014 · Title: On asymptotic optimality of Merton's myopic portfolio strategies for discrete time market. Authors: Alexandra Rodkina, ... We found that Merton's strategy that is optimal for continuous time model can be used effectively for the discrete market model that has sufficiently small time steps and approximate the continuous time model. Web1 jun. 1990 · Stopped Myopic Policies in Some Inventory Models with Generalized Demand Processes. W. Lovejoy. Economics. 1992. This paper considers single-item inventory systems with immediate delivery and no economies of scale. Bounds are provided on the value loss relative to optimal cost for restricting attention to the…. Expand. portland me nbc
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