Inventory and Production Decisions |
Contents
An Inventory of the Literature | 7 |
Development of a ProfitMaximizing Model | 21 |
Production to Order and Production to Stock | 29 |
Copyright | |
6 other sections not shown
Common terms and phrases
87th Congress Acceleration Principle analysis assumption behavior Belsley BuCensus Quarterly Data buffer chapter Coef Coefficients for Industries Current Liabilities d₁ d₂ demand Durbin-Watson Test Econometric effects Equations 8.11 error term Estimated Coefficients explanatory variables finished goods inventories firm firm's H₁ H₁/S Indicates coefficients significant industries producing Industries with Unfilled Industry 34 Inventory Fluctuations inventory investment lagged latter level of production manufacturers mean Microeconomics month multicollinearity N₁ Nonadjusted nondurable null hypothesis observations OLSQ regression opportunity costs output overall P₁ percent level positive autocorrelation production decision production level production to order production to stock profit profit-maximizing QFR and BuCensus quarterly sales raw materials Regression Results Regression Test relation represent Results for Industries S₁ sales expectations seasonally adjusted shows standard errors Stat stock and order stock function subperiods test period test results test statistic Theory tobacco industry unfilled orders values yes+