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035 _a.b10216522
099 9 _aAIT Thesis no. 713
100 0 _aVira Chankong
245 1 4 _aThe dynamics of supply and demand in a market directed economy with application to the Bicol River Basin
260 _aBangkok :
_bAsian Institute of Technology,
_c1974
300 _a141 p.
490 1 _aThesis ;
_vno. 713
500 _aA thesis submitted in partial fulfillment of the requirements for the degree of Master of Engineering of the Asian Institute of Technology, Bangkok, Thailand.
502 _aThesis (M.Eng.) - Asian Institute of Technology, 1974
520 _aOne 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.
650 0 _aCommodity exchanges
650 0 _aMarkets
_xPhilippine Islands
_xBicol River Basin
650 0 _aEconomics
700 1 _aDrew, Donald R.,
_eChairperson
810 2 _aAsian Institute of Technology.
_tThesis ;
_vno. 713
856 _3Full-Text
_uhttp://203.159.5.9/ait-thesis/detail.php?q=B24226
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