Conditional production smoothing in the United Kingdom and Japan

Article Abstract:

A study was conducted to analyze the feasibility of macroeconomic conditional production smoothing of inventory investment in the UK and Japan. The premise that both unconditional and conditional variances and covariances can be utilized to determine the time paths of sales and production after sales and production shocks was examined. Results indicated the usability of the concept of conditional second moment in analyzing how production smoothing of inventory investment works in the short run.

Production Planning & Control, United Kingdom, Analysis, Management, Economic aspects, Japan, Macroeconomics, Production control, Production planning, Inventories

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An algorithm to determine the EOQ for deteriorating items with shortage and linear trend in demand

Article Abstract:

An algorithm model solves inventory replenishment problems of perishable items with shortage and constant demand rates. The model, which is an extension of Goswami and Chaudhuri's inventory model, determines convexity of the total cost function based on average cost analysis. It also determines the optimal replenishment and shortage intervals needed to maintain a minimum average system cost through sensitivity analysis.

Production (Economics)

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• Abstracts: Conditional volatility and the production smoothing hypothesis of inventory investment. Temporal aggregation and estimation of inventory functions

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