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Material Balances under Uncertainty

Martin L. Weitzman

Yale University

Quarterly Journal of Economics 1971

I. Introduction, 262. — II. The economic environment, 263. — III. Mechanics of planning, 265. — IV. Material reserves, 266. — V. Plan formulation and material balances. 267. — VI. Effects of uncertainty, 268. — VII. Plan execution and the costs of incorrect planning, 270. — VIII. Short- and long-term plans, 272. — IX. Optimal planning and dynamics programming, 273. — X. Sensitivity analysis, 276. — XI. Concluding remarks, 278. — Appendix: Proof of the form of an optimal policy, 278.

DOI
10.2307/1880704
Volume
85 (2)
Pages
262
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