Donaldson (1977) examined the classical no-shortage inventory model for deteriorating items with a linear trend in demand over a known and finite horizon by using calculus method.
We're seeing a demand and a shortage of inventory of both rentals and sales.
"Right now, there's a serious shortage of inventory in most parts of Connecticut.
"You want them to rise in a smart way and not just based on a shortage of inventory," she continued.
Many analysts nevertheless say that further closures are inevitable.For most other industries, shortage of inventory is not a problem.
"We have a shortage of inventory right now," said Ms. Paint, who focuses on the exclusive and expensive municipality of Westmount.
EMC said it was hurt by a recent shortage of inventory to meet greater-than-expected demand for its newest Symmetrix DMX-3 storage system.
"We tend to go through these cycles where, when you finally come out of a recession, there's a shortage of inventory," said Gregory J. Heym, the chief economist for Halstead Property and Brown Harris Stevens.
The shortage of inventory, many brokers said, is in part because many homeowners are loath to sell -- even though the market is robust -- since they would face similarly high prices for their new housing and few houses to choose from.
In Suffolk County, "it is still a good market and there has not been a dramatic shortage of inventory," said Ray Manzoni, owner of Manzoni Realty in Mount Sinai, which covers the North Shore from Stony Brook east to Wading River.
One reason brokers are eager to publicize the strong seller's market is the continuing shortage of inventory, a two-edged sword that has both helped to push prices higher and meant that there are fewer sales last year than in the previous two years.
