The inventory investment equation: an empirical work using business survey data
Article Abstract:
An inventory investment model is used to explain abstract concepts and inventory behavior through its application to Portuguese and Belgian business data. The model is based on microeconomic foundations and combines the accelerator motive with a target adjustment mechanism. The model provides a framework for identifying inventory concepts and specifications used with empirical inventory models. The results indicate that the variance of detrended production exceeds the variance of detrended demand.
Publication Name: International Journal of Production Economics
Subject: Engineering and manufacturing industries
ISSN: 0925-5273
Year: 1992
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Simplicity, totality and change: a logistic viewpoint in inventory management
Article Abstract:
An approach combining simplicity, totality and change is used for analyzing inventory management. Business logistics is viewed as a system due to flows which increase and decrease inventories. These flows connect interrelated variables and the inventory is changed by input and output. A systems dynamics (SD) approach is used to optimize the system. In SD simulation models, the implicit planning horizon is equal to the time horizon of the study.
Publication Name: International Journal of Production Economics
Subject: Engineering and manufacturing industries
ISSN: 0925-5273
Year: 1992
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Hypergame analysis of the stability of relationships between computerbased logistics systems
Article Abstract:
Hypergame theories are used to analyze supply relationships and alter the control systems in current use in order to produce stable efficient cooperative supply. Conventional inventory management emphasizes the significance of organizational cooperation for obtaining efficient supply relationships. The approach is based on the idea that companies should strive to reduce their supplier base, long-term contracts and operational cooperation.
Publication Name: International Journal of Production Economics
Subject: Engineering and manufacturing industries
ISSN: 0925-5273
Year: 1992
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