TY  - BOOK
AU  - Vira Chankong
AU  - Drew,Donald R.
TI  - The dynamics of supply and demand in a market directed economy with application to the Bicol River Basin
T2  - Thesis
PY  - 1974///
CY  - Bangkok
PB  - Asian Institute of Technology
KW  - Commodity exchanges
KW  - Markets
KW  - Philippine Islands
KW  - Bicol River Basin
KW  - Economics
N1  - A thesis submitted in partial fulfillment of the requirements for  the degree of Master of Engineering of the Asian Institute of  Technology, Bangkok, Thailand.; Thesis (M.Eng.) - Asian Institute of Technology, 1974
N2  - One of the major difficulties that seems to plague the success of  any commodity production planning or a marketing planning is the long-term  fluctuation of commodity price and production. This fluctuation is caused by the 'two coupled negative feedback structure which underlies the dynamics of supply and demand interactions within a market directed economy. The vast complexity added to this basic "two- loops"  structure brings about the need for systematic approaches and dynamic planning for -efficient guidance and control of a market system. In this research, a dynamic simulation model characterizing the supply-demand interactions in a commodity market system is developed . using the systems dynamics approach. The Philippines rice market is  taken as the particular case study. The model is a possible extension of the Dynamic Commodity Cycle Model (MEADOW, 1970) with three types of marketing channels; government, cooperatives and middleman, incorporated.  Import and export are also included. The model is validated and various policies concerning price stabilization, import-export and retail-to-farm price margin are tested The utility of the model is that it can be used either as a mean for testing policies or as a forecasting device
UR  - http://203.159.5.9/ait-thesis/detail.php?q=B24226
ER  -