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Inventory Control with Price Fluctuations
Bachman, Andreas - In: International Journal of Operations & Production Management 6 (1986) 3, pp. 58-64
The effect of price fluctuations on optimal inventory control policy can be considerable. Most inventory models assume that purchase prices or production unit costs remain constant over the planning period. Computation of optimal inventory policy, without taking price fluctuations into account,...
Persistent link: https://www.econbiz.de/10014791033
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Replication of Pricing Effects on Brand Choice Behaviour
Motes, William H. - In: European Journal of Marketing 21 (1987) 1, pp. 14-25
Present data suggest that planned price increases should be carried out gradually in small systematic increments. However, an identical approach would not seem necessary for price reductions. This is the third in a series of related experiments on brand choice behaviour, the major interest of...
Persistent link: https://www.econbiz.de/10014724834
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Nonexponential Discounting: A Direct Test And Perhaps A New Puzzle
Startz, Richard; Tsang, Kwok Ping - In: The B.E. Journal of Macroeconomics 12 (2012) 1
Abstract Standard models of intertemporal utility maximization assume that agents discount future utility flows at a constant rate—exponential discounting. Euler equations estimated over different time horizons should have equal discount rates but they do not. Rising term yield premia imply...
Persistent link: https://www.econbiz.de/10014588077
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Lassen sich CAPM, HCAPM und CCAPM durch konsumbasierte zeitvariable Parameterspezifikation rehabilitieren? / Can Time-varying Parameter Specification Based on Consumption Variables...
Auer, Benjamin R. - In: Jahrbücher für Nationalökonomie und Statistik 232 (2012) 5, pp. 518-544
discount factor parameters in the CAPM of Sharpe (1964), the HCAPM of Jagannathan and Wang (1996) and the CCAPM of Lucas (1978 … the models and that (b) a CAPM using the labour income to consumption ratio as a conditioning variable proves to be the …
Persistent link: https://www.econbiz.de/10014609413
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Long-term prior return patterns in stock and sector returns in India
Sehgal, Sanjay; Jain, Sakshi - In: Journal of Advances in Management Research 11 (2014) 2, pp. 192-210
(CAPM)) and multi-factor model (Fama-French (FF) model and four factor model involving three FF factors and an additional … Jain (2011), the authors observe that weak reversals emerge for the sample stocks. The risk model CAPM fails to account for …
Persistent link: https://www.econbiz.de/10014839966
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Momentum anomaly: evidence from the Indian stock market
Maheshwari, Supriya; Dhankar, Raj Singh - In: Journal of Advances in Management Research 14 (2017) 1, pp. 3-22
Purpose The purpose of this paper is to provide insights into the profitability of momentum strategies in the Indian stock market. This study further evaluates whether the momentum effect is a manifestation of size, value or an illiquidity effect. Design/methodology/approach Monthly stock return...
Persistent link: https://www.econbiz.de/10014840209
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Teaching the Techniques of Computer Aided Production Management and Simulation Modelling
Southern, G. - In: International Journal of Operations & Production Management 6 (1986) 1, pp. 15-24
(CAPM) systems and an awareness of the power of the computer to predict the future by iteratively simulating individual … workshop operations. It demonstrates the techniques of CAPM by means of manual simulation. Students then operate and adjust a … simple computer simulation model and compare it with the manual exercise. Both versions are described and compared. The CAPM …
Persistent link: https://www.econbiz.de/10014791017
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Signaling with convertible debt in the renewable energy industry?
Ettenhuber, Christoph; Schiereck, Dirk - In: International Journal of Energy Sector Management 9 (2015) 2, pp. 274-292
. Design/methodology/approach – The authors apply event study methodology, option pricing theory and risk shift analysis to …
Persistent link: https://www.econbiz.de/10014773946
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Estimating risk‐adjusted interest rates for dairy farms
Tauer, Loren - In: Agricultural Finance Review 62 (2002) 1, pp. 59-68
The Capital Asset Pricing Model (CAPM) is used to estimate the cost of equity for each of 62 New York dairy farms that …
Persistent link: https://www.econbiz.de/10014667278
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Overreaction evidence from large-cap stocks
Abebe Assefa, Tibebe; A. Esqueda, Omar; C. Galariotis, … - In: Review of Accounting and Finance 13 (2014) 4, pp. 310-325
(CAPM), Fama and French three-factor model and the Carhart’s (1997) momentum portfolio are used to test whether excess … winner portfolios’ alphas are significant, suggesting that the CAPM and the multifactor models are unable to explain return …
Persistent link: https://www.econbiz.de/10014989839