search query: @author Maccini, L. / total: 2
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| Author: | Maccini, L. Zabel, E. |
| Title: | Serial correlation in demand, backlogging and production volatility |
| Journal: | International Economic Review
1996 : MAY, VOL. 37:2, p. 423-452 |
| Index terms: | DEMAND PRODUCTION INTERNATIONAL |
| Language: | eng |
| Abstract: | This paper explores the idea that stockout avoidance motives together with serial correlation in demand and/or the backlogging of excess demand is sufficient to induce firms to behave so that the variance of production exceeds the variance of sales. The authors show that the idea holds under a wide range of circumstances facing firms, including additive as well as multiplicative demand uncertainty, a general form of serial correlation in demand, whether inventory and shortage costs apply, and whether payment occurs at order or delivery. |
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