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Weighted average price management of manufacturer sales on commodity exchanges

Department of Economic Cybernetics, Faculty of Economics, St. Petersburg State University, 62 Chaikovskogo St., St. Petersburg, 191123, Russia

E-mail Address: savavilov@inbox.ru

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and

Konstantin S. Kuznetsov

Department of Applied Cybernetics, Faculty of Mathematics and Mechanics, St. Petersburg State University, 28 Universitetsky Prospekt, Peterhof, St. Petersburg, 198504, Russia

E-mail Address: kostas.92@mail.ru

Corresponding author.

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https://doi.org/10.1142/S2424786318500299Cited by:4 (Source: Crossref)

Abstract

This paper proposed a method to control the weighted average price of manufacturer sales. The study of the posed problem is necessary to hedge manufacturer profits from price slumps in commodity markets. The elaborated method is applied to managing the trading process on real world commodity exchanges to prove its effectiveness.

Keywords:

References

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