stockpiling


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stockpiling

the holding of levels of STOCK which are greater than would be normally required by a person, firm or government agency. Stockpiling usually occurs at times of an actual or expected shortage of a product or in anticipation of a price rise.

stockpiling

the act of accumulating STOCK over and above normal requirements. National and international trade is dependent upon complex and interrelated supply lines from the raw material to the finished good. If at one point along the supply chain a shortage (or bottleneck) can be perceived in advance by firms beyond that point, then those firms will attempt to purchase much greater stocks than their immediate needs warrant. Stockpiling occurs in many areas of economic life, from a government stockpiling food or weapons to an individual consumer amassing quantities of food in anticipation of a price rise. See also BUFFER STOCK.
References in periodicals archive ?
We considered the trade-off between unmet ventilator demand (risk) and the cost of stockpiling ventilators (assuming cost is proportional to number of ventilators) and minimized cost while limiting risk to a specified threshold.
5 million tons of LPG, enough to meet demand for 40 days, by completing four other stockpiling facilities by 2010.
who has submitted one bill requiring potassium iodide stockpiling (HR 3279) and has submitted an amendment requiring such stockpiling to an existing antiterrorism bill.
A number of studies, using a number of different types of products and promotions, have examined the phenomenon of stockpiling (e.
1] Although the Biological and Toxin Weapons Convention does not explicitly prohibit the use of biological weapons, it does so implicitly because any use presupposes prior production and stockpiling.