This paper develops an analytically tractable general equilibrium model of inventory dynamics. Inventories are introduced into a standard RBC model through a precautionary stockout-avoidance motive. Under persistent aggregate demand shocks, the model is broadly consistent with the U.S. business cycle and key features of inventory behavior, including (i) a large inventory stock-to-sales ratio an...

T he importance of foreign direct investment (FDI) in developing countries has begun to spread very rapidly, especially after the transition of command economies countries into open markets. Many countries see attracting FDI as an important element in their strategy for economic growth because FDI is widely regarded as an amalgamation of capital, technology, marketing, and management...

Discrete-event process simulation is a decades-long friend of the industrial, process, or production engineer analyzing complex manufacturing process replete with heavy capital investment, complex material-handling requirements, and requirements for flexibility in the face of highly volatile marketplace demands. When these challenges are coupled with the economic gauntlet confronting the automo...

Nowadays, numerous processes of any supply chain are done by suppliers and consequently they cause a massive amount of pollution released to the nature. Hence, greening the suppliers has become a necessity. Although most of green supplier development programs need high investment, formal optimization models that address this issue are very rare. This paper mainly aims to address this prob...

background: brucella abortus is a gram-negative facultative intracellular bacterium that can cause a highly contagious disease in sheep, goats, cattle and one-humped camels. it is responsible for one of the most important zoonosis in human. the aim of this study was to evaluate the role of mentha piperita, origanum majorana, citrus lemon, cinnamomum verum and myristica fragrans essential volati...

Assessment of investment profitability with discounted cash flows has proven insufficient when industry structures change. Managers need an extended flexibility in decision– making that DCF analyzes cannot offer. Real Option valuation as a method for improving flexibility in investment decisions has been widely researched but less used in business. With good support tools it is possible for man...

Haynes, Richard W. 2008. Emergent lessons from a century of experience with Pacific Northwest timber markets. Gen. Tech. Rep. PNW-GTR-747. Portland, OR: U.S. Department of Agriculture, Forest Service, Pacific Northwest Research Station. 45 p. Timber markets in the United States are areas where timber prices tend to be uniform because of the continuous interactions of buyers and sellers. These m...

In this paper we investigate the simulation of real and reactive power spot markets. While spot pricing of real power remains a viable option for the creation of a power system market, the future of a reactive power spot market remains cloudy. The large capital investment portion needed in pricing reactive power as well as the highly volatile nature of reactive power spot prices makes the creat...

I analyze cash flow characteristics of listed infrastructure investment companies and funds and compare this unique infrastructure sample with a noninfrastructure reference group. I confirm that infrastructure investment provide more stable cash flows than non-infrastructure investments. However, I do not find that investors positively value this cash flow stability. Instead, more volatile cash...