search query: @indexterm JUST-IN-TIME PRODUCTION / total: 178
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| Author: | Alles, M. |
| Title: | Moral hazard and management control in Just-in-Time settings |
| Journal: | Journal of Accounting Research
1995 : VOL. 33:SUPPLEMENT, p. 177-213 |
| Index terms: | MORAL HAZARD MANAGEMENT CONTROL JUST-IN-TIME PRODUCTION |
| Language: | eng |
| Abstract: | In this paper, the authors model the management control and motivational aspects of Just-in-Time (JIT) production systems. Firms that implement JIT systems attempt to reduce work-in-process (WIP) inventories. Traditional inventory models, which balance the lost productivity from stockouts against the costs of carrying buffer stocks of inventory, have had limited success in explaining the benefits of JIT systems, perhaps because such models focus solely on material costs. In contrast, it is commonly claimed that the benefits of a JIT system do not come solely from reducing inventory-carrying costs. |
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