This paper presents a model of the probability of price response to the previous periods inventory absolute and relative level for U.S. paper and paperboard industry. The initial part of the paper contains a theoretical analysis of the phenomenon. The proposed framework indicates that the inventory level plays an important leading role in the price adjustment. The model is then estimated with monthly data extending from 1980 to 1999. The LPM and Probit models are used to estimate the effect of absolute and relative inventory level on the probability of price variations. The estimated results are in agreement with the oligopolistic market condition of U.S. paper and paperboard industry, showing the price upward adjustment is sticker and rigid than the price downward adjustment while the output level is indifferent to the previous months inventory fluctuation.

Thesis (MBA)--Stellenbosch University, 1979. / INTRODUCTION: Inflation gives rise to higher monetary values for a constant quantity of inventory, thereby inflating corporate profits and the taxes on these reported profits.

Approved for public release; distribution in unlimited. / Management of the Naval integrated supply system depends on data to provide reliable information on the quantities of items in stock at any given time. Because of the high volume of transactions that continually alter data in the inventory system, inventory record errors are practically unavoidable. The purpose of this thesis is to determine the effects of inventory data errors on both cost and effectiveness of operations at a Naval inventory site. The methodology adopted for research consists of a series of multiple-item, single-warehouse, Monte Carlo simulations, focused on one U.S. Navy inventory site, using estimates of inventory data accuracy obtained at that site. Results of the simulations show that inventory costs can be decreased and customer demand effectiveness increased by decreasing the magnitude of inventory record errors to less than ten percent. It is therefore recommended that the Navy expand its inventory accuracy goal to require that no item have an inventory record error magnitude greater than ten percent. Inventory costs and effectiveness in meeting demand for Naval material were not found to be substantially affected by inventory record inaccuracy if the magnitude of error is less than ten percent. / Lieutenant Commander, United States Navy

The subject of the diploma thesis: "Inventories, and view their accounts according to IFRS and the Czech accounting standards" is to point out specific definitions and reporting of inventory according to Czech accounting legislation and International Financial Reporting Standards. The first part is focused on the general definition of inventory. The following specifications and inventory records in accordance with Czech and international legislation and theoretical examples of terminating focused on the issue of valuation of inventories, reporting changes in inventory and utility costs and species classification. The second part contains a practical study of inventory accounting in a particular company.

The thesis focuses on the problematic of financial statements auditing. In the first chapter historical development on auditing in highly developed countries in Europe and in the Czech Republic is characterized. The second part describes legal and ethical auditing requirements in the Czech Republic. In the third chapter auditors' procedures and techniques which are in progress from accepted contracts to issued auditors' report are explicated. The final part is focused on concrete auditors' procedures by verifying accounts receivables and inventories in a practical application in the case of two real companies.

Ao longo do século XIX ocorreu um expressivo crescimento econômico e demográfico no vale do Paraíba. A expansão da cafeicultura teve um papel fundamental neste fato, pois abriu novas oportunidades aos moradores da região e aos oriundos de fora. Neste contexto, procuramos entender essas transformações e as formas de acumulação dos indivíduos que viveram nesta economia. Selecionamos para estudo a localidade de Lorena (SP) nessa época. Inicialmente a expansão da cana-de-açúcar marcou a economia da região durante o final do século XVIII e início do XIX. Posteriormente, o plantio da rubiácea figurou como a principal atividade dos habitantes. As fontes documentais utilizadas consistiram basicamente nas listas nominativas de habitantes e dos inventários. Na primeira parte da tese apresentamos um panorama geral da localidade como um todo em seus aspectos demográficos e econômicos de 1778 a 1829, destacando três contingentes: os escravistas, seus escravos e os chefes de domicílio não-proprietários de cativos. Na outra parte centramos a análise numa amostra dos moradores em 1829, para os quais localizamos os seus inventários. A partir destes 187 indivíduos selecionados realizamos a discussão do acúmulo de escravos entre os dois momentos (1829 e o período dos inventários 1830/79). Alguns condicionantes mostraram-se importantes, como, por exemplo, a atividade desenvolvida, a propriedade de terras e as idades dessas pessoas. A mobilidade entre as diferentes faixas de tamanho de plantéis revelou-se maior para os pequenos escravistas. Além da propriedade escrava, pudemos estudar o conjunto da riqueza inventariada das pessoas da amostra: os cafeicultores, lojistas de fazenda seca, usurários e produtores de derivados de cana mantinham a quase totalidade da riqueza, inclusive dos escravos. O procedimento de acompanhar os indivíduos no tempo permitiu o exame das mudanças de suas ocupações. A continuidade da cafeicultura garantiu um patrimônio médio superior ao dos que abandonaram esta atividade. Entretanto, um número significativo de pessoas da amostra passou a atuar na faina canavieira, em alguns casos abandonando até a produção de café. Os fornecedores locais de crédito tiveram um papel atuante na expansão da cafeicultura e alcançaram as maiores fortunas. Não encontramos evidências de relações de dependência financeira entre a região e a praça do Rio de Janeiro. Assim, a economia cafeeira possibilitou a continuidade de atividades pretéritas moldadas à nova realidade e à abertura de novas opções de inversão especialmente para os detentores de grandes recursos. Estes últimos mantiveram-se no topo da hierarquia econômica da região ao longo do tempo. / The economic and demographic growth in vale do Paraíba was substantial in the course of the nineteenth century. The expansion of coffee planting played a fundamental role in that growth, opening new opportunities to the inhabitants and to people coming from other regions. Within this context we tried to understand the forms of accumulation of the individuals in that economy. We selected for study the locality of Lorena (São Paulo) in that period. The expansion of sugar cane dominated the region\'s economy by the end of the eighteenth century and beginning of the nineteenth. Coffee planting became the main occupation of the inhabitants afterwards. The documental sources we used were basically manuscript censures and inventories. The first part of the thesis is an outlook on the locality as a whole in its demographic and economic aspects from 1778 to 1829, focusing on three groups: slaveowners, their slaves, and households heads that were not slaveowners. The other part of the thesis centers its analysis on a sample of the inhabitants in 1829 whose inventories we located. The 187 individuals selected were used as a basis for discussion on the accumulation, ownership of land, and age of the individuals. The owners of small slaveholdings showed higher mobility along different categories of slaveholding sizes. In addition to slave ownership, we can study the whole wealth of the individuals whose inventories figured in the sample. Almost all the wealth, including the slaves, was held by coffee planters, dry goods merchants, usurers, and producers of sugar cane by-products. The procedure of following each individual along the time made it possible to examine their occupation changes. Those who remained in coffee planting guaranteed for themselves an average wealth higher than those who quit this activity. However, a significant number of the individuals in the sample turned to activities related to sugar cane, some of them even quitting coffee planting. Local credit suppliers played an expressive role in the expansion of coffee planting and obtained the largest fortunes. Evidence of financial dependence relations between the region and the financial market of Rio de Janeiro was not found. Thus, the coffee economy made it possible the continuity of past activities, shaped by the new reality and by new investment options opened mainly to large resource owners. The latter remained at the top of the region\'s economic hierarchy all along the time.

O presente trabalho dedica-se ao estudo da economia e da demografia da escravidão na cidade de Batatais (SP) no decorrer da segunda metade do século XIX. A pesquisa teve como fonte principal os inventários post-mortem datados de 1851 a 1887 e utilizou, de forma complementar, as escrituras de transações envolvendo escravos, registradas na localidade entre 1861 e 1887, e a Lista de Qualificação de Votantes, de 1874. De início, avançou-se à análise do evolver demográfico e econômico do Sertão do Rio Pardo, e, mais especificamente, de Batatais, durante os séculos XVIII a XX. Em seguida procedeu-se ao exame das formas, distribuição e dinâmica dos recursos possuídos pelos batataenses em uma economia essencialmente pecuarista e agricultora de subsistência, que assistiu, nas últimas décadas do século XIX, ao avanço da cultura cafeeira e à substituição do trabalho compulsório pelo livre. Outrossim, com o auxílio das fontes secundárias, realizou-se uma análise demográfica e de estrutura de posse do contingente escravo ali residente, examinando as principais características dos cativos e dos senhores batataenses, além de acompanhar o impacto exercido pelas modificações ocorridas no sistema escravista brasileiro. Por fim, ocupou-se do exame das relações familiares estabelecidas entre os cativos e ingênuos inventariados e comercializados, delineando seu perfil e investigando sua estabilidade frente à partilha dos bens inventariados / This research analyzes the economy and slave demography of the city of Batatais (SP) during the second half of the 19th century. The study has, as the main source, the post mortem inventories from 1851 to 1887 and, as secondary sources, the transfer of ownership documents related to slaves - registered between 1861 and 1887 - and the Vote Qualifying List (1874). The work begins with the analysis of the economic and demographic characteristics of Sertão do Rio Pardo and, more specifically, Batatais, from the 18th to the 20th centuries, followed by the analysis of the allocation, accumulation and dynamics of the wealth held by the local inhabitants. At that time, economy was dedicated to cattle and subsistence agriculture and, in the late decades of the 19th century, gave place to the advance of coffee plantation and the shift of slavery work to free work. Hence, this study analyzed the local slaves, concerning demographics and possessions, and observed the main characteristics of the slaves and their owners, related to the changes occurred to the Brazilian slavery. Finally, the structure and demographic characteristics of slave families were analyzed through the information obtained in the inventories and ownership documents, with further investigations of their stability during the division of the inventoried assets

Finally, we study a multi-period, risk-averse inventory model. The objective is to maximize the expected pay-offs. The risk-averse behavior is modeled as to penalize the decision maker if a target-profit level is not satisfied for each financial reporting cycle. We recognize that the operational period is usually faster than the financial reporting cycle. Therefore, the financial reporting cycle can be considered as an integer times of the operational periods. We study this model under both accrual-basis accounting principle and cash-basis accounting principle. We prove that the optimal inventory policy is a state-dependent base-stock policy under the accrual-basis accounting method. We then show that the structure of an optimal policy is a complicated one for the cash-basis accounting method. / In this thesis we study three supply chain models which address downside risk from a different angle. We start with a commitment-option supply contract in a Conditional Value-at-Risk (CVaR) framework. We show that a CVaR trade-off analysis with advanced reservation can be carried out efficiently. Moreover, our study indicates how the corresponding contract decisions differ from decisions for optimizing an expected value. / Key words. Downside Risk Measure; CVaR; Risk; Loss-Averse; Dynamic Programming. / Owing to the growing globalization in economy and the advances in commerce, research in supply chain management has attracted large number of researchers in the last two decades. Yet standard treatments of supply chain models are mainly confined for the optimization of expected values with little reflection on risk considerations. Even for those that consider a risk measure in the objective function, there are quite few literatures employing downside risk measure. The downside risk measure takes into account only the part of the distribution that is below a critical value. Thus it indicates a safety-first strategy for decision maker. / The thesis is organized in five chapters. In Chapter 1, we provide the background and research motivation for considering downside risk measures in supply chain models. In Chapter 2, we study the pay-to-delay supply contracts with a Conditional Value-at-Risk (CVaR) framework. In Chapter 3, we study the loss-averse newsvendor problem. In Chapter 4, we extend the loss-averse model to a multi-period setting. We conclude the thesis in Chapter 5 with discussions for future research. / Then, we employ a loss-aversion utility function to characterize newsvendor's decision-making behavior. We find that when there is no shortage cost, the loss-averse newsvendor consistently orders less than a risk-neutral newsvendor. Further, we discover that the loss-averse newsvendor orders a constant quantity when the reference target is sufficiently large. We discuss the importance of initial inventory to achieve the target profit level. When the target is a decision variable, the newsvendor always sets the target no higher or no lower. / Ma, Lijun. / "October 2007." / Adviser: Houmin Yan. / Source: Dissertation Abstracts International, Volume: 69-08, Section: B, page: 5003. / Thesis (Ph.D.)--Chinese University of Hong Kong, 2007. / Includes bibliographical references (p. 140-154). / Electronic reproduction. Hong Kong : Chinese University of Hong Kong, [2012] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Electronic reproduction. [Ann Arbor, MI] : ProQuest Information and Learning, [200-] System requirements: Adobe Acrobat Reader. Available via World Wide Web. / Abstracts in English and Chinese. / School code: 1307.

In a study investigating the ability of subjects and their close friends or relatives (close-others) to recognize subject personality test results under conditions which controlled for the Barnum effect, 64 male and female undergraduate psychology students were administered the California Psychological Inventory (CPI). Each subject later attempted to choose his or her own unidentified CPI profile from among three, and a close-other of the subject independently made the same selection. It was found that 57.81% of subjects and 45.31% of close others were able to correctly identify subject profiles; these results were significant at the .0001 and .05 levels respectively. The 53.12% rate of agreement between subjects and close-others in profile selection also proved significant, p < .001. In contrast with results from a previous study (Carlson, 1985), it was found that subject self-perception and CPI description correspond to a highly significant ·degree.

El presente trabajo de tesis tiene como objetivo principal determinar las causas del inventario de lento movimiento y su posible solución, en una empresa dedicada a la comercialización de equipos de protección personal. Primero se desarrolla una breve introducción, conformada por la presentación del tema, la formulación del problema, el planteamiento del objetivo general y los objetivos específicos, la hipótesis inicial, y finalmente; la fundamentación y sustento de realizar esta investigación. Seguidamente se detalla el marco teórico requerido para el adecuado entendimiento y posterior desarrollo de la investigación. Los temas abarcan bases bibliográficas y teóricas acerca de los inventarios, gestión de almacenes, cadena de suministro y lean management. A continuación se analiza la situación actual del inventario detectado de lento movimiento, el cual al cierre del 2015 representaba el 30% del total de inventario de almacén, posteriormente se han implementado progresivamente metodologías lean hasta reducir este porcentaje al 10% al cierre del 2018, el objetivo de la organización es mantener un estándar entre 5% y 10%, en ese sentido y alineados a los procesos de mejora continua se espera al cierre del 2019 llegar al 5%, teniendo en cuenta que el incremento de estos inventarios de lento movimiento acarrean consecuencias financieras que asume esta empresa, debido a las políticas de la alta dirección de la sede organizacional ubicada en Londres, Inglaterra. Luego se determina la oportunidad de mejora en los procesos que tienen un mayor impacto en los inventarios de lento movimiento, mediante un análisis ABC para determinar el 20% del stock que represente el 80% del costo; e implementar, mediante las metodologías que sugiere el Lean Management, las estrategias para disminuir el inventario con bajo índice de rotación. / The main objective of this thesis work is to determine the causes of the slowly moving inventory and its possible solution, in a company dedicated to the commercialization of personal protective equipment. First, a brief introduction is developed, consisting of the presentation of the topic, the formulation of the problem, the approach of the general objective and the specific objectives, the initial hypothesis, and finally; the foundation and sustenance of carrying out this investigation. Next, the theoretical framework required for the adequate understanding and subsequent development of the research is detailed. The topics cover bibliographic and theoretical bases about inventories, warehouse management, supply chain and lean management. The current situation of the slow-moving detected inventory is analyzed, which at the end of 2015 represented 30% of the total warehouse inventory, then lean methodologies have been progressively implemented until this percentage is reduced to 10% at the end of 2018, the objective of the organization is to maintain a standard between 5% and 10%, in that sense and aligned to the processes of continuous improvement is expected at the end of 2019 reach 5%, taking into account that the increase in these inventories of slow movement they carry financial consequences that this company assumes, due to the policies of the top management of the organizational headquarters located in London, England. Then the opportunity for improvement is determined in the processes that have a greater impact on slow-moving inventories, through an ABC analysis to determine 20% of the stock that represents 80% of the cost; and implement, through methodologies suggested by Lean Management, strategies to reduce inventory with low turnover. / Trabajo de investigación