Thursday, January 5, 2017

Complete markets and supply chains are incompatible

That is how we teach it at Redneck U.  The aggregate runs a distribution net, stable when inter nodal queues are stable, and positive. When the condition is met, then flows come in containers that are generally 65% full.

When the condition is met, then the container sizes obey a finite pricing algebra, to some known precision.  Prices can be added, subtracted, compared,  and the median price matches the container size. The error from partially filled containers can be collected and used in a suitable savings and loan which forces the pricing system toward precision, thus forcing containers to be properly filled.

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