Inventory and Production Decisions |
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Page 32
Mansfield Wiggin Williams. The Profit - Maximizing Level of Production In the previous chapter , Holt and Modigliani's approach , of a quadratic cost function approximating an actual U - shaped cost curve , was used to derive equation ...
Mansfield Wiggin Williams. The Profit - Maximizing Level of Production In the previous chapter , Holt and Modigliani's approach , of a quadratic cost function approximating an actual U - shaped cost curve , was used to derive equation ...
Page 69
... level of production to order , but not necessarily the most important . In fact , for production to order , it appears that the important factor is a combination of the new order parameter and the lagged production term - and , that as ...
... level of production to order , but not necessarily the most important . In fact , for production to order , it appears that the important factor is a combination of the new order parameter and the lagged production term - and , that as ...
Page 145
... level ( or changes of the level ) of a particular financial stock as our dependent variable in a regression , can we not reverse the process ? In effect , we would be assuming that the levels of the various working capital components ...
... level ( or changes of the level ) of a particular financial stock as our dependent variable in a regression , can we not reverse the process ? In effect , we would be assuming that the levels of the various working capital components ...
Contents
An Inventory of the Literature | 7 |
Development of a ProfitMaximizing Model | 21 |
Production to Order and Production to Stock | 31 |
Copyright | |
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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 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 short-term shows standard errors Stat stock and order stock function subperiods test period test results test statistic Theory tobacco industry unfilled orders values yes+