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Capacity Limitations, Inventory, And Time‐Phased Production In The Sequential Interindustry Model

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  • Eliahu Romanoff
  • Stephen H. Levine

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.

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  • Eliahu Romanoff & Stephen H. Levine, 1986. "Capacity Limitations, Inventory, And Time‐Phased Production In The Sequential Interindustry Model," Papers in Regional Science, Wiley Blackwell, vol. 59(1), pages 73-91, January.
    • Handle: RePEc:bla:presci:v:59:y:1986:i:1:p:73-91
    DOI: 10.1111/j.1435-5597.1986.tb00983.x
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    1. repec:elg:eechap:14395_18 is not listed on IDEAS
    2. Severin Reissl & Alessandro Caiani & Francesco Lamperti & Mattia Guerini & Fabio Vanni & Giorgio Fagiolo & Tommaso Ferraresi & Leonardo Ghezzi & Mauro Napoletano & Andrea Roventini, 2021. "Assessing the economic effects of lockdowns in Italy: a computational Input-Output approach," LEM Papers Series 2021/03, Laboratory of Economics and Management (LEM), Sant'Anna School of Advanced Studies, Pisa, Italy.
    3. B. Coluzzi & M. Ghil & S. Hallegatte & G. Weisbuch, 2010. "Boolean delay equations on networks: An application to economic damage propagation," Papers 1003.0793, arXiv.org.
    4. He, Kehan & Mi, Zhifu & Coffman, D'Maris & Guan, Dabo, 2022. "Using a linear regression approach to sequential interindustry model for time-lagged economic impact analysis," Structural Change and Economic Dynamics, Elsevier, vol. 62(C), pages 399-406.
    5. Anton Pichler & Jan Hurt & Tobias Reisch & Johannes Stangl & Stefan Thurner, 2024. "Economic impacts of a drastic gas supply shock and short-term mitigation strategies," Papers 2409.07981, arXiv.org.
    6. Yoshio Kajitani & Hirokazu Tatano, 2018. "Applicability of a spatial computable general equilibrium model to assess the short-term economic impact of natural disasters," Economic Systems Research, Taylor & Francis Journals, vol. 30(3), pages 289-312, July.
    7. Severin Reissl & Alessandro Caiani & Francesco Lamperti & Tommaso Ferraresi & Leonardo Ghezzi, 2024. "A regional input-output model of the COVID-19 crisis in Italy: decomposing demand and supply factors," Economic Systems Research, Taylor & Francis Journals, vol. 36(1), pages 100-130, January.

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