000			01208nab a22002417a 4500
001			G62337
003			MX-TxCIM
008			121211b |||p||p||||||| |z||| |
022	0		_a0002-9092
040			_aMX-TxCIM
082	0	4	_a83-879675
100	1		_aKnapp, K.C.
245	0	0	_aOptimal grain carryovers in open economies: _b a graphical analysis
260			_c1982
340			_aPrinted
500			_a11 ref
520			_aExtract: Optimal storage, trade, and borrowing policies for grain are analyzed graphically using dynamic programming. World prices and domestic harvests are assumed to be stochastic. Optimal carryovers are generally increasing in supply and decreasing in world prices, while net imports are decreasing in both supply and world prices. Optimal levels of carryovers and net imports are influenced by the opportunity to borrow and save foreign exchange. It is shown that grain reserves and foreign exchange borrowing/saving are alternative inventory systems which both complement and substitute for one another
546			_aEnglish
595			_aAC
650	1	0	_aCereals general
773	0		_tAmerican Journal of Agricultural Economics _n83-879675 _gv. 64, no. 2, p. 197-204
942			_cJA
999			_c17761 _d17761