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Author: Sueh-Ching Kung
Publisher:
ISBN:
Category : Inventory control
Languages : en
Pages : 176
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Book Description
Author: Sueh-Ching Kung
Publisher:
ISBN:
Category : Inventory control
Languages : en
Pages : 176
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Book Description
Author: Brad R. Humphreys
Publisher:
ISBN:
Category : Inventory control
Languages : en
Pages : 66
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Author: Matteo Iacoviello
Publisher:
ISBN:
Category :
Languages : en
Pages : 0
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Book Description
We build and estimate a two-sector (goods and services) dynamic stochastic general equilibrium model with two types of inventories: materials (input) inventories facilitate the production of finished goods, while finished goods (output) inventories yield utility services. The model is estimated using Bayesian methods. The estimated model replicates the volatility and cyclicality of inventory investment and inventory-to-target ratios. Although inventories are an important element of the model's propagation mechanism, shocks to inventory efficiency or management are not an important source of business cycles. When the model is estimated over two subperiods (pre and post 1984), changes in the volatility of inventory shocks or in structural parameters associated with inventories, such as the input inventory to output ratio, play a small role in reducing the volatility of output.
Author: Yi Wen
Publisher:
ISBN:
Category :
Languages : en
Pages :
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Book Description
"This paper develops an analytically tractable general equilibrium model of inventory dynamics. Inventories are introduced into a standard RBC model through a precautionary stockout-avoidance motive. Under persistent aggregate demand shocks, the model is broadly consistent with the U.S. business cycle and key features of inventory behavior, including (i) a large inventory stock-to-sales ratio and a small inventory investment-to-sales ratio in the long run, (ii) excess volatility of production relative to sales, (iii) procyclical inventory investment but countercyclical stock-to-sales ratio over the business cycle, and (iv) more volatile input inventories than output inventories. Similar results can also be obtained under persistent aggregate supply shocks"--Federal Reserve Bank of St. Louis web site.
Author: Attila Chikán
Publisher: Akademiai Kiads
ISBN:
Category : Business & Economics
Languages : en
Pages : 818
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Author: Attila Chikán
Publisher: Springer
ISBN: 1447173716
Category : Business & Economics
Languages : en
Pages : 325
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Book Description
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.
Author: Mr.Segismundo Fassler
Publisher: International Monetary Fund
ISBN: 1451854293
Category : Business & Economics
Languages : en
Pages : 47
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Book Description
The principles underlying the recording of changes in inventories are explained in the System of National Accounts, 1993 (1993 SNA), but operational guidelines on their measurement are lacking. This paper elaborates specific statistical techniques and their underlying assumptions for calculating changes in inventories and holding gains when only data on stocks of inventories are available. Several data situations are considered. The authors propose methods for measuring changes in inventories that meet the 1993 SNA principles. The paper also explores possibilities for implementing the proposed improvements and explains the interpretation of data on changes in inventories.
Author: Alan S. Blinder
Publisher:
ISBN:
Category : Business & Economics
Languages : en
Pages : 304
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Book Description
Brings together Blinder's major essays on inventory theory.
Author: United States. Office of Business Economics
Publisher:
ISBN:
Category : Government publications
Languages : en
Pages : 660
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Author: United States. Bureau of Economic Analysis
Publisher:
ISBN:
Category : Input-output tables
Languages : en
Pages : 630
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Book Description
