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Capacity Level (capacity + level)
Selected AbstractsIncreasing returns to scale from variable capacity utilizationINTERNATIONAL JOURNAL OF ECONOMIC THEORY, Issue 3 2007Susheng Wang E32; D24 We propose a unique model in which the firm varies capacity utilization by a variable number of shifts when facing demand fluctuations. In the long run, the firm optimally chooses a capacity level based on expected demand conditions. In the short run, when facing excess demand, the firm can increase variable inputs and the number of shifts to intensify the use of existing capacity. By endogenizing cost, demand and variability of capacity utilization, we show that variable capacity utilization can lead to increasing returns to scale. Hence, we predict increasing returns to scale when an economy expands in a business cycle. [source] Strategic inventory in capacitated supply chain procurementMANAGERIAL AND DECISION ECONOMICS, Issue 1 2008nar Keskinocak We study the strategic role of inventory in a sequential two-period procurement setting, where the supplier's capacity in the first period is limited and the retailer has the option to hold inventory. We compare the equilibrium under a dynamic contract, where the decisions are made at the beginning of each period, and a commitment contract, where the decisions for both periods are made at the beginning of the first period. We show that there is a critical capacity level below which the outcomes under both types of contracts are identical. When the first period capacity is above the critical level, the retailer holds inventory in equilibrium and the inventory is carried due to purely strategic reasons; as capacity increases, so does the strategic role of inventory. The supplier always prefers lower capacity than the retailer, and the difference between supplier-optimal and supply-chain optimal capacities, and the corresponding profits, can be significant. Finally, we find that the retailer's flexibility to hold inventory is not always good for the participants or for the channel. Copyright © 2008 John Wiley & Sons, Ltd. [source] Inventory sharing under decentralized preventive transshipmentsNAVAL RESEARCH LOGISTICS: AN INTERNATIONAL JOURNAL, Issue 6 2010Ying Rong Abstract We consider preventive transshipments between two stores in a decentralized system with two demand subperiods. Replenishment orders are made before the first subperiod, and the stores may make transshipments to one another between the subperiods. We prove that the transshipment decision has a dominant strategy, called a control-band conserving transfer policy, under which each store chooses a quantity to transship in or out that will keep its second-subperiod starting inventory level within a range called a control band. We prove that the optimal replenishment policy is a threshold policy in which the threshold depends on the capacity level at the other store. Finally, we prove that there does not exist a transfer price that coordinates the decentralized supply chain. Our research also explains many of the differences between preventive and emergency transshipments, including differences in the optimal transfer policies and the existence or nonexistence of transfer prices that coordinate the system. © 2010 Wiley Periodicals, Inc. Naval Research Logistics, 2010 [source] Viscosity and emulsifying capacity in pota and octopus muscle during frozen storageJOURNAL OF THE SCIENCE OF FOOD AND AGRICULTURE, Issue 11 2003C Ruiz-Capillas Abstract The functional quality of pota and octopus muscle during frozen storage for up to 12 months was evaluated periodically by determining viscosity and emulsifying capacity levels. In both species the effect on different anatomical locations (mantle and arms) in mature and young male and female individuals was studied. Apparent viscosity and emulsifying capacity levels were greater in octopus than in pota. While in pota a sharp decrease was observed in viscosity levels, falling to virtually nil, viscosity levels in octopus increased in the first 2 months and only slight decreases were observed at the end of storage. The change in emulsifying capacity, however, was quite similar in the two species, with not very sharp decreases. According to these results, emulsifying capacity measurement could be a suitable technique for showing the changes that occur in the muscle proteins of these species when they are stored frozen. No differences were observed by sex, but there were differences depending on the stage of maturity and anatomical location. Thus pota and octopus mantles present greater stability in frozen storage than the arms, and there is a tendency, although not always significant, that the mantles of young pota and octopus specimens are more stable in frozen storage than the mantles of adult individuals. Copyright © 2003 Society of Chemical Industry [source] IMPLICATIONS OF ALTERNATIVE EMISSION TRADING PLANS: EXPERIMENTAL EVIDENCEPACIFIC ECONOMIC REVIEW, Issue 2 2006Neil J. Buckley Theory suggests the long-run equilibria of the plans will differ with baselines proportional to output. To test this prediction we develop a computerized environment in which subjects representing firms can adjust their emission rates and capacity levels and trade emission rights in a sealed-bid auction. Demand for output is simulated. We report on six laboratory sessions with variable emissions rates, but fixed capacity: three each with the cap-and-trade and baseline-and-credit mechanisms. [source] | ||||||||||