The monetary unit assumption of financial accounting assumes a stable currency i.e., constant purchasing power over time . Yet, even during periods of low inflation or deflation, nominal financial statements violate this assumption. I posit that, while the effects of inflation are not recognized in nominal statements, such effects may have economic consequences. I find that unrecognized inflati...

This paper describes a generic approach for analysis of internal behavior of logistic systems based on event logs. The approach is demonstrated by an example of event data from the simulation model of an automated material handling system (MHS) in a manufacturing company. The purpose of the analysis is the identification of design and operation problems and their causes, prospectively. As a res...

Supply chains in industry have a very complex structure. The influence of many parameters is not known. Therefore the control of the material flow is rather difficult. In order to recognize these relationships between the parameters, initially very simple models have to be established. For this examination a linear supply chain with 4 stages will be designed. In all stages the stock is closed-l...

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in the hot compression test friction has a detrimental influence on the flow stress through the process and therefore, correcting the deformation curve for real behavior is very important for both researchers and engineers. in this study, a series of compression tests were simulated using abaqus software. in this study, it has been employed the taguchi method to design experiments by the factor...

The monetary unit assumption of financial accounting assumes a stable currency (i.e., constant purchasing power over time). Yet, even during periods of low inflation or deflation, nominal financial statements violate this assumption. I posit that, while the effects of inflation are not recognized in nominal statements, such effects may have economic consequences. I find that unrecognized inflat...

China’s trade with Africa has increased significantly in the past two decades. The effects of these growing trade volumes (and financial flows) are quite contested. The purpose of this paper is to study the effects of growing Chinese influence in Africa on the intra-regional trade in the continent. This paper estimates a traditional gravity model using Poisson pseudo-maximum-likelihood estimati...