• 主题
高级搜索  >
历史搜索 清空历史
首页> 外文期刊>Transportation Journal >An Empirical Analysis of the Impact of Fuel Costs on the Level and Distribution of Manufacturing Inventory in the United States
【24h】

An Empirical Analysis of the Impact of Fuel Costs on the Level and Distribution of Manufacturing Inventory in the United States

机译：美国燃料成本对制造业库存水平和分布影响的实证分析

获取原文
获取原文并翻译 | 示例
           
页面导航
  • 摘要
  • 著录项
  • 相似文献
  • 相关主题

摘要

While fuel costs have become an important factor in supply chain management, the impact of fuel costs on inventory levels and the distribution of inventories remains unclear. Location theory suggests that firms will relocate inventories to regions with lower fuel costs, leading to lower inventories in the states with higher fuel costs. In contrast, inventory theory suggests that firms will ship orders in greater quantity with less frequency when fuel costs are high, thus resulting in higher inventories in states with higher fuel costs. Using state-level cross-sectional, time-series data for manufacturing industries in the United States during 1994-2006, we empirically examine how fuel price disparities impact the location and dispersion of inventories. Our major findings are that: (1) states with higher fuel costs have lower inventories ceteris paribus; (2) there are lower inventory deviations across states when fuel costs rise; that is, the inventory distribution becomes flatter; and (3) when fuel costs increase, states with higher production output increase their inventories, while states with higher expenditures (as indicated by higher GDPs) experience relative decreases in inventories, suggesting that inventories are relocated from points of demand to points of production. We further quantify that a 1 percent increase in the gasoline price for a state results in a 0.40 percent reduction in inventory levels in the state. Public policy and managerial implications are discussed.
机译：尽管燃料成本已成为供应链管理中的重要因素，但燃料成本对库存水平和库存分配的影响尚不清楚。区位理论表明，公司会将库存转移到燃料成本较低的地区，从而导致燃料成本较高的州的库存较低。相反，库存理论表明，当燃料成本较高时，公司将以较少的频率发送更多数量的订单，从而导致燃料成本较高的州的库存增加。我们使用1994-2006年期间美国制造业的州级横截面时间序列数据，以经验方式检查了燃料价格差异如何影响库存的位置和分散。我们的主要发现是：（1）燃油成本较高的州，其鸡翅幼虫的库存较低； （2）当燃料成本上升时，各州的库存偏差较小；也就是说，库存分配变得平坦； （3）当燃料成本增加时，具有较高产量的州会增加库存，而具有较高支出（如GDP较高的州）的库存会相对减少，这表明库存已从需求点转移到生产点。我们进一步量化，该州汽油价格每上涨1％，该州库存水平就会下降0.40％。讨论了公共政策和管理意义。

著录项

相似文献

  • 外文文献
  • 中文文献
  • 专利
获取原文

客服邮箱：kefu@zhangqiaokeyan.com

京公网安备：11010802029741号 ICP备案号：京ICP备15016152号-6 六维联合信息科技 (北京) 有限公司©版权所有

  • 客服微信

  • 服务号