Add to ORKGA stylized fact associated with inventory behavior is that the variance of production exceeds the variance of sales. This paper presents a model of production decisions with demand uncertainty that incorporates no nnegativity constraints on inventories. Even with no productivity shocks, optimal behavior by the firm is consistent with this stylized fact either if demand exhibits positive serial correlation, or if the firm can backlog excess demand. The reason is that a demand shock affects both the actual inventory level (given unchanged production) and the desired level. Production must replenish the stock and adjust to the new desired level. Copyright 1987 by American Economic Association.
This dissertation contains two chapters on the investment behavior under the concern for information...
To control a production-inventory system, a manager has to consider the variability in demand as wel...
This paper tests whether demand uncertainty, which is measured by the volatility of sales, affects i...
This paper argues that the macroeconomically interesting features of inventory behavior are well cap...
A stylized fact associated with inventory behavior is that durable goods production and inventory in...
We study the implications of a stockout constraint in a dynamic general equilibrium model, which can...
We study the implications of a stockout constraint in a dynamic general equilibrium model, which can...
This paper is an attempt to derive empirically testable hypotheses regarding the principal determina...
This paper is an attempt to derive empirically testable hypotheses regarding the principal determina...
This thesis consists of three independent essays in the area of production and inventory management....
This thesis consists of three independent essays in the area of production and inventory management....
The standard production smoothing model of inventory demand cannot represent the added incentives fo...
The production smoothing model of inventories has long been the basic paradigm within which empirica...
Due to lack of models that can feature both output- and input-inventories simultaneously, several we...
This paper tests whether demand uncertainty, which is measured by the volatility of sales, affects i...
This dissertation contains two chapters on the investment behavior under the concern for information...
To control a production-inventory system, a manager has to consider the variability in demand as wel...
This paper tests whether demand uncertainty, which is measured by the volatility of sales, affects i...
This paper argues that the macroeconomically interesting features of inventory behavior are well cap...
A stylized fact associated with inventory behavior is that durable goods production and inventory in...
We study the implications of a stockout constraint in a dynamic general equilibrium model, which can...
We study the implications of a stockout constraint in a dynamic general equilibrium model, which can...
This paper is an attempt to derive empirically testable hypotheses regarding the principal determina...
This paper is an attempt to derive empirically testable hypotheses regarding the principal determina...
This thesis consists of three independent essays in the area of production and inventory management....
This thesis consists of three independent essays in the area of production and inventory management....
The standard production smoothing model of inventory demand cannot represent the added incentives fo...
The production smoothing model of inventories has long been the basic paradigm within which empirica...
Due to lack of models that can feature both output- and input-inventories simultaneously, several we...
This paper tests whether demand uncertainty, which is measured by the volatility of sales, affects i...
This dissertation contains two chapters on the investment behavior under the concern for information...
To control a production-inventory system, a manager has to consider the variability in demand as wel...
This paper tests whether demand uncertainty, which is measured by the volatility of sales, affects i...