A firm is considered that manages its internal manufacturing operations according to a just-in-time system, but maintains an inventory of finished goods as a buffer against random demands from external customers. The finished goods inventory may be analysed by the methods of classical inventory theory in order to characterize the trade-off between inventory costs and schedule stability. A model...

in this paper, the study deals with the lead time and setup reduction problem in the vendor-purchaser integrated inventory model. the cost of capital (i.e., opportunity cost) is one of the key factors in making the inventory and investment decisions. lead time is an important element in any inventory system. the proposed model is presents an integrated inventory model with controllable lead tim...

the purpose of this paper is to estimate the welfare cost of inflation in iran. we first use the long-horizon regression approach developed by fisher and seater (1993) to obtain an estimate of the inflation rate elasticity of money demand and then the baily’s consumer surplus approach to calculate the welfare cost function. the results show that reducing inflation rate from 40% to 0% increases ...

today, one of the biggest problems that gripped the banking sphere, the high cost of implementing advanced technologies and the efficient use of the hardware. cloud computing is the use of shared services on the internet provides a large role in developing the banking system, without the need for operating expenses including staffing, equipment, hardware and software reducing the cost of implem...

While various techniques for improving product quality have been proposed, the supply chain network is often taken for granted. This paper considers quality control within a three-level supply chain and provides interesting findings that differ from the existing literature. Results suggest a curvilinear relationship between quality improvement efforts in the supply chain and brand owner profit:...

The equally uncharacterized nature of government role in Sub Saharan African (SSA) region on the issue of poverty reduction have surged the modest research of this study. The issue on poverty is a continuous cause and need remedies so much and fast. This study examined the effect of fiscal policy on poverty reduction in Sub-Saharan Africa from 1999 to 2016. Pool Mean Group (PMG) was employed to...

Background To assess whether early health economic modeling helps to distinguish those healthcare innovations that are potentially cost-effective from those that are not potentially cost-effective. We will also study what information is retrieved from the health economic models to inform further development, research and implementation decisions.   Methods We performed s...

Interest groups and experts debate the cost of greenhouse gas (GHG) reduction, andpolicy-makers do not know whom to believe. IVte confusion stems from differing definitions of costs and divergent assumptions about key uncertainties, especially the role of policy in influencing the long-run evolution of technologies and consumer preferences. Analysis could be more helpful to policy-makers by com...

this paper considers the fuzzy inventory model for deteriorating items for power demand under fully backlogged conditions. we define various factors which are affecting the inventory cost by using the shortage costs. an intention of this paper is to study the inventory modelling through fuzzy environment. inventory parameters, such as holding cost, shortage cost, purchasing cost and deteriorati...