Download or read book A Comparison of Production Smoothing Model and a Dynamic Factor Demand Model with Inventories written by H. M. M. Peeters and published by . This book was released on 1994* with total page 27 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Comparison of a Production Smoothing Model and a Dynamic Factor Demand Model with Inventories written by Marga Peeters and published by . This book was released on 1997 with total page 20 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Comparision of a Production Smoothing Model and a Dynamic Factor Demand Model with Inventories written by Marga Peeters and published by . This book was released on 1997 with total page 160 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Two Studies of Inventory Investment written by Valerie Ann Ramey and published by . This book was released on 1987 with total page 258 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Inventories in National Economies written by Attila Chikán and published by Springer. This book was released on 2018-04-05 with total page 325 pages. Available in PDF, EPUB and Kindle. Book excerpt: This book introduces a new approach in the field of macroeconomic inventory studies: the use of multivariate statistics to evaluate long-term characteristics of inventory investments in developed countries. By analyzing a 44-year period series of annual inventory change in percentage of GDP in a set of OECD countries, disclosing their relationship to growth, industry structure and alternative uses of GDP (fixed capital investments, foreign trade and consumption), it fills a gap in the economic literature. It is generally accepted that inventories play an important role in all levels of the economy. However, while there is extensive literature on micro- (and even item-) level inventory problems, macroeconomic inventory studies are scarce. Both the long-term processes of inventory formation and their correlation with other macroeconomic factors provide interesting conclusions about economic changes and policies in our immediate past, and present important insights for the future.
Download or read book A dynamic model for production smoothing and inventory control with stochastic demand written by Shyam L. Moondra and published by . This book was released on 1982 with total page 144 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Production Smoothing with Stochastic Demand and Related Inventory Problems written by M. J. Sobel and published by . This book was released on 1967 with total page 180 pages. Available in PDF, EPUB and Kindle. Book excerpt: The dynamic single product inventory problems treated here have costs that depend on changes in production rates as well as on the rates themselves and on inventory levels. All but one of the models have stochastic demand and backorder excess demand. A discrete time model in which smoothing costs are proportional to the difference between production rates in successive periods is shown to have an optimal policy in which production decreases as inventory increases; uniform bounds are given for the optimal policy parameter values. The model generalizes to one in which employment level and production rate are separate variables. A generalized stationary analysis is given for the simpler case. When units are made sequentially in time and demand is a renewal process, the presence of smoothing costs leads to optimal policies for the minimization of average cost per unit time which are based on only two parameters and which are easily administered. Analogous results are obtained for a similar discrete time model and the resulting stationary distributions of state variables is given for the cases of demand being a Poisson process and either constant or exponentially distributed production times. (Author).
Download or read book Comparison of Dynamic Factor Demand Models written by Peter Eric Rossi and published by . This book was released on 1987 with total page pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Can the Production Smoothing Model of Inventory Behavior be Saved written by Alan S. Blinder and published by . This book was released on 1984 with total page 76 pages. Available in PDF, EPUB and Kindle. Book excerpt: The production smoothing model of inventory behavior has a long and venerable history, and theoretical foundations which seem very strong. Yet certain overwhelming facts seem not only to defy explanation within the production smoothing framework, but actually to argue that the basic idea of production smoothing is all wrong. Most prominent wnong these is the fact that the variance of detrended production exceeds the variance of detrended sales. This paper first documents the stylized facts. Then it derives the production smoothing model rigorously and explains how the model can be amended to make it consistent with the facts. Next, estimates of stock adjustment equations derived from the theory are presented and evaluated. Finally, it reviews the theoretical and empirical evidence and tries to drawsome tentative conclusions.
Download or read book Some Empirical Evidence on the Production Level and Production Cost Smoothing Models of Inventory Investment written by Martin S. Eichenbaum and published by . This book was released on 1988 with total page 54 pages. Available in PDF, EPUB and Kindle. Book excerpt: The production smoothing model of inventories has long been the basic paradigm within which empirical research on inventories has been conducted The basic hypothesis embedded In this model IS that inventories of finished goods serve primarily to smooth production levels in the face of fluctuating demand and convex cost functions. However once we allow for shocks to technology and the costs of producing output firms will also use inventories to shift production from periods in which production costs are relatively high to periods in which production costs are relatively low. In this sense inventories can serve to smooth production costs rather production levels. In this paper we examine the empirical plausibility of the production level and production cost smoothing models of inventories. Our basic strategy is to derive and contrast a set of unconditional moment restrictions Implied by these models in a way that minimizes the role of auxiliary assumptions regarding market structure and Industry demand. We find overwhelming evidence against the production level smoothing model and very little evidence against the production cost smoothing mode1 We conclude that the variance of production exceeds the variance of sales in most manufacturing industries because the production cost smoothing role of inventories is quantitatively more important than the production level smoothing role of inventories.
Download or read book Dynamic Factor Demand Models Productivity Measurement and Rates of Return written by M. Ishaq Nadiri and published by . This book was released on 1989 with total page 68 pages. Available in PDF, EPUB and Kindle. Book excerpt: Prucha and Nadiri (1982,1986,1988) introduced a methodology to estimate systems of dynamic factor demand that allows for considerable flexibility in both the choice of the functional form of the technology and the expectation formation process. This paper applies this methodology to estimate the production structure, and the demand for labor, materials, capital and R & D by the U.S. Bell System. The paper provides estimates for short-, intermediate- and long-run price and output elasticities of the inputs, as well as estimates on the rate of return on capital and R & D. The paper also discusses the issue of the measurement of technical change if the firm is in temporary rather than long-run equilibrium and the technology is not assumed to be linear homogeneous The paper provides estimates for input and output based technical change as well as for returns to scale. Furthermore, the paper gives a decomposition of the traditional measure of total factor productivity growth.
Download or read book Dynamic Factor Demand Models and Production Analysis written by M. Ishaq Nadiri and published by . This book was released on 1999 with total page 109 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Seasonality Cost Shocks and the Production Smoothing Model of Inventories written by Jeffrey A. Miron and published by . This book was released on 1987 with total page 38 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book The Production Smoothing Model of Inventories Revisited written by Alistair Milne and published by . This book was released on 1992 with total page 21 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Economics Letters written by and published by . This book was released on 1998 with total page 804 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book A Production Smoothing Model of Aggregate Inventory Behavior with Expectation Errors Generated by Model Uncertainty written by Jeffrey C. Fuhrer and published by . This book was released on 1985 with total page 58 pages. Available in PDF, EPUB and Kindle. Book excerpt:
Download or read book Annales d conomie et de statistique written by and published by . This book was released on 1997 with total page 1156 pages. Available in PDF, EPUB and Kindle. Book excerpt:
