Order Backlogs and Production Smoothing
Empirical examination of some aggregate manufacturing data suggests that order backlogs may help explain two puzzling facts: (1) the variability of production appears to be greater than that of demand, and (2) inventories appear to be drawn down when demand is low, built up when demand is high.
Published Versions
From The Economics of Inventory Management, edited by A. Chikan and M.C. Lovell, pp. 305-317. Amsterdam: Elsevier Science Publishers B.V. (North- Holland), 1988.
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