La firma y sus decisiones óptimas en el tiempo: inventarios y capital fijo

Autores
Martirena Mantel, Ana María
Año de publicación
1968
Idioma
español castellano
Tipo de recurso
artículo
Estado
versión publicada
Descripción
The paper tries to extend the traditional analysis of the firm by studying its optimal dynamic behavior when facing the alternatives to invest in two types of stocks, inventories and fixes capital. The objective of the firm in this analysis was the search of the optimal way of satisfying a given pattern of demand which changes over time within the finite planning horizon. When the production function has fixed technological coefficients and net investment can be negative (by selling any excess equipment in a perfect second hand market) the conclusion was that the transactions motive for holding inventories disappears; both stocks turned out to be substitutes. In the more relevant case in which investment in fixed capital has a lower limit determined by depreciation, the conclusion about substitution is maintained most of the time. Only in special cases, depending on the course of demand over time and on prices, a relation of complementary will exist.
Trabajo presentado en la III Reunión Anual de Centros de Investigaciones Económicas de Argentina (Tucumán, 1967).
Instituto de Investigaciones Económicas
Materia
Ciencias Económicas
mercado de capitales
macroeconomía
Nivel de accesibilidad
acceso abierto
Condiciones de uso
http://creativecommons.org/licenses/by-nc-nd/3.0/
Repositorio
SEDICI (UNLP)
Institución
Universidad Nacional de La Plata
OAI Identificador
oai:sedici.unlp.edu.ar:10915/8963

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spelling La firma y sus decisiones óptimas en el tiempo: inventarios y capital fijoMartirena Mantel, Ana MaríaCiencias Económicasmercado de capitalesmacroeconomíaThe paper tries to extend the traditional analysis of the firm by studying its optimal dynamic behavior when facing the alternatives to invest in two types of stocks, inventories and fixes capital. The objective of the firm in this analysis was the search of the optimal way of satisfying a given pattern of demand which changes over time within the finite planning horizon. When the production function has fixed technological coefficients and net investment can be negative (by selling any excess equipment in a perfect second hand market) the conclusion was that the transactions motive for holding inventories disappears; both stocks turned out to be substitutes. In the more relevant case in which investment in fixed capital has a lower limit determined by depreciation, the conclusion about substitution is maintained most of the time. Only in special cases, depending on the course of demand over time and on prices, a relation of complementary will exist.Trabajo presentado en la III Reunión Anual de Centros de Investigaciones Económicas de Argentina (Tucumán, 1967).Instituto de Investigaciones Económicas1968-08info:eu-repo/semantics/articleinfo:eu-repo/semantics/publishedVersionArticulohttp://purl.org/coar/resource_type/c_6501info:ar-repo/semantics/articuloapplication/pdf53-78http://sedici.unlp.edu.ar/handle/10915/8963spainfo:eu-repo/semantics/altIdentifier/issn/1852-1649info:eu-repo/semantics/openAccesshttp://creativecommons.org/licenses/by-nc-nd/3.0/Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported (CC BY-NC-ND 3.0)reponame:SEDICI (UNLP)instname:Universidad Nacional de La Platainstacron:UNLP2025-10-22T16:32:07Zoai:sedici.unlp.edu.ar:10915/8963Institucionalhttp://sedici.unlp.edu.ar/Universidad públicaNo correspondehttp://sedici.unlp.edu.ar/oai/snrdalira@sedici.unlp.edu.arArgentinaNo correspondeNo correspondeNo correspondeopendoar:13292025-10-22 16:32:07.6SEDICI (UNLP) - Universidad Nacional de La Platafalse
dc.title.none.fl_str_mv La firma y sus decisiones óptimas en el tiempo: inventarios y capital fijo
title La firma y sus decisiones óptimas en el tiempo: inventarios y capital fijo
spellingShingle La firma y sus decisiones óptimas en el tiempo: inventarios y capital fijo
Martirena Mantel, Ana María
Ciencias Económicas
mercado de capitales
macroeconomía
title_short La firma y sus decisiones óptimas en el tiempo: inventarios y capital fijo
title_full La firma y sus decisiones óptimas en el tiempo: inventarios y capital fijo
title_fullStr La firma y sus decisiones óptimas en el tiempo: inventarios y capital fijo
title_full_unstemmed La firma y sus decisiones óptimas en el tiempo: inventarios y capital fijo
title_sort La firma y sus decisiones óptimas en el tiempo: inventarios y capital fijo
dc.creator.none.fl_str_mv Martirena Mantel, Ana María
author Martirena Mantel, Ana María
author_facet Martirena Mantel, Ana María
author_role author
dc.subject.none.fl_str_mv Ciencias Económicas
mercado de capitales
macroeconomía
topic Ciencias Económicas
mercado de capitales
macroeconomía
dc.description.none.fl_txt_mv The paper tries to extend the traditional analysis of the firm by studying its optimal dynamic behavior when facing the alternatives to invest in two types of stocks, inventories and fixes capital. The objective of the firm in this analysis was the search of the optimal way of satisfying a given pattern of demand which changes over time within the finite planning horizon. When the production function has fixed technological coefficients and net investment can be negative (by selling any excess equipment in a perfect second hand market) the conclusion was that the transactions motive for holding inventories disappears; both stocks turned out to be substitutes. In the more relevant case in which investment in fixed capital has a lower limit determined by depreciation, the conclusion about substitution is maintained most of the time. Only in special cases, depending on the course of demand over time and on prices, a relation of complementary will exist.
Trabajo presentado en la III Reunión Anual de Centros de Investigaciones Económicas de Argentina (Tucumán, 1967).
Instituto de Investigaciones Económicas
description The paper tries to extend the traditional analysis of the firm by studying its optimal dynamic behavior when facing the alternatives to invest in two types of stocks, inventories and fixes capital. The objective of the firm in this analysis was the search of the optimal way of satisfying a given pattern of demand which changes over time within the finite planning horizon. When the production function has fixed technological coefficients and net investment can be negative (by selling any excess equipment in a perfect second hand market) the conclusion was that the transactions motive for holding inventories disappears; both stocks turned out to be substitutes. In the more relevant case in which investment in fixed capital has a lower limit determined by depreciation, the conclusion about substitution is maintained most of the time. Only in special cases, depending on the course of demand over time and on prices, a relation of complementary will exist.
publishDate 1968
dc.date.none.fl_str_mv 1968-08
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dc.language.none.fl_str_mv spa
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dc.rights.none.fl_str_mv info:eu-repo/semantics/openAccess
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Creative Commons Attribution-NonCommercial-NoDerivs 3.0 Unported (CC BY-NC-ND 3.0)
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