Modeliranje dinamike zaliha

Tomić, Frane (2016) Modeliranje dinamike zaliha. Diploma thesis, Faculty of Science > Department of Mathematics.

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Abstract

This paper is more detailed version of the article by authors Luca Pieroni and Matteo Ricciarelli: “Modelling dynamic storage function in commodity markets: Theory and evidence” . In this paper, by following so called modern theory of storage, we model commodity prices in an intertemporal framework, in which, a rational subject can carry commodity as stocks from present to the future period for speculative purposes and caution. In first chapter, we describe economic theory and motivation behind world metal market, particularly copper market. In second chapter, we introduce the Hamiltonian and define optimization problem with it's constraint together with optimization procedure. In third chapter, we mention necessary tools for econometric analysis while in fourth chapter, we apply those tools on our data. In fifth chapter, we comment on data and results. The conclusion is given the in sixth chapter, together with a comment on behaviour of economic agents with the respect to the Tobin's q.

Item Type: Thesis (Diploma thesis)
Supervisor: Šorić, Kristina
Date: 2016
Number of Pages: 47
Subjects: NATURAL SCIENCES > Mathematics
Divisions: Faculty of Science > Department of Mathematics
Depositing User: Iva Prah
Date Deposited: 19 May 2016 14:11
Last Modified: 19 May 2016 14:11
URI: http://digre.pmf.unizg.hr/id/eprint/4846

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