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Specification of Domestic And Foreign Factors On The Inventory Model

Author

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  • Young-Keun Chung

    (Korea Environment Institute)

Abstract

The objective of this paper is to theoretically explore the innovation, adoption and diffusion of service product. A theoretical model of the diffusion of service product is developed that takes account of transportation, waiting and searching casts in the adoption of service product. The main results of the model are; (1) the diffusion of service product is slower than that of the manufacturing equivalent and (2) the delivery or retail distribution service speeds up the diffusion of the manufacture product. The implications of these results are also explored.

Suggested Citation

  • Young-Keun Chung, 2003. "Specification of Domestic And Foreign Factors On The Inventory Model," Korean Economic Review, Korean Economic Association, vol. 19, pages 285-306.
    • Handle: RePEc:kea:keappr:ker-200312-19-2-05
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    More about this item

    Keywords

    Inventory Behavior; Multicountry Comprative Analysis;

    JEL classification:

    • E22 - Macroeconomics and Monetary Economics - - Consumption, Saving, Production, Employment, and Investment - - - Investment; Capital; Intangible Capital; Capacity
    • F41 - International Economics - - Macroeconomic Aspects of International Trade and Finance - - - Open Economy Macroeconomics
    • C32 - Mathematical and Quantitative Methods - - Multiple or Simultaneous Equation Models; Multiple Variables - - - Time-Series Models; Dynamic Quantile Regressions; Dynamic Treatment Effect Models; Diffusion Processes; State Space Models

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