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The term fluctuation refers to the deterministic variations of prices and costs while it does not quantify the stochastic oscillations of the market.
Financial calculations were performed for Polish marked conditions in the years 2011 and 2014 showing the impact of relatively short term variations of prices and support intensity on optimal plant design parameters.
However, throughout the operation of the plant, if the economic criterion changes – due to variations of prices, costs, production demand, market fluctuations, reconciled data, disturbances, etc. – the optimal operation point also changes.
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Average or median prices aside, however, the federation charts also show that the variation of prices for identical items within the United States – even within a single city – dwarfs the cross-national variation in prices for the same item.
In Figure 14 we plot the temporal variation of prices for a sample of 800 routes queried by our app's users.
On the supply side, menu costs may prevent retailers from changing selling price despite variations of input prices or inflation (Ball and Mankiw, 1994); the organisation of stock management procedure (i.e. first-in-first-out and last-in-first-out of the stock) may determine time lags in price transmission (Reagan and Weitzman, 1982; Wohlgenant, 1985).
Depending on model specification and econometric method, they find substantial variation of price elasticity estimates, which they conclude is evidence of measurement error.
On the other hand, asymmetries toward price increase from retail to ex-work price implies that sugar producers were often able to follow (more or less proportionally, and with different extent of delay) price increases coming from the retail sector, while downward variations of retail prices have not resulted in an analogous response by sugar producers.8.8
Furthermore, the q-ratios indicate that the fluctuations of cycle 2 are mainly responsible for variations of wheat prices while the fluctuations of irregular are mainly responsible for variations of rice prices.
This model includes deterministic seasonal variations of costs, prices, demands and supplies.
Additionally, Hesamzadeh et al. [19] describe the benefits of modeling for a short-term energy management due to high variations of electricity prices in the energy market.
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