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Capacity Limitations, Inventory, and Time‐phased Production in the Sequential Interindustry Model

Year: 1986

Type: article

Abstract: ABSTRACT A reformulation of the input-output model by the introduction of the dynamics of interindustry production leads to the Sequential Interindustry Model, SIM. Focusing on current production, in this paper an enhanced formulation of SIM is presented by the introduction of time-phased production and by an initial introduction of capacity and inventory. These enable some simple examinations of the relations between transient capacity limitations and inventory management and between the former and time-phased production. The ensuing alternative repercussions on industry-production paths are presented, and some implications for the modeling of national and regional economics are suggested.

Source: Papers of the Regional Science Association

DOI: 10.1111/j.1435-5597.1986.tb00983.x

Authors: Eliahu Romanoff, Stephen H. Levine

Institution: University of Massachusetts Lowell

Language: English

Topic: Regional Economic and Spatial Analysis

Subfield: Economics and Econometrics

Field: Economics, Econometrics and Finance

Domain: Social Sciences

SDGs: Industry, innovation and infrastructure, Decent work and economic growth

Open Access status: hybrid

Estimated APC paid: $2,740