Marziye
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28 notes across 5 booksThe Red-Yellow find it hardest to deal with the Green-Blue coordi-nators, who are far too systematic and orderly for their taste.
There are many things that affect how a person functions-many, many things and in this book I am going to deal with two of them: a person's driving forces and a person's development level.
Real GDP growth is a good indicator to measure economic progress. The level of real GDP is a good indicator for measuring economic well-being.
GDP measures two things: the total income of people in the economy and the total costs of producing goods and services in the economy. For an economy, total revenue must be equal to total cost.
The tax makes the buyers pay more for the goods and the sellers get a lower price. The analysis shows that the tax costs for buyers and sellers are more than the tax revenue of the government.
The relationship between income and product elasticity: take museum ticket price! If museum ticket is elastic, you will loose a considerable bunch of the museum income. If not, increasing the ticket price, you earn more money!
there are 4 main causes to the bullwhip effect: Order forecasting Order batching Price fluctuation and promotions Shortage gaming
It is important to understand that despite the fact that the cycle service level decreases when the review period increases, the fill rate remains more or less constant.
a conclusion: the stochastic lead time model is not robust and will only achieve the expected results in a few cases! Go for simulation optimization 😎
lead time will often be a discrete variable since an order only be received and stored at fixed periods. If it assumes a continuous normal random variable, over-or under-estimation of the expected service level will be resulted.
A highly biased forecast is an indicator that sth is wrong in the model. A low biased f is not a proof of accuracy as well. P-12
The best policy from the point of view of economic efficiency is trade liberalization without import tariffs or quotas.
Import tariffs and quotas increase prices, limit trade and create losses due to quotas.
Rent and wage subsidies increase government spending, and as a result, the government must take more taxes.
Policymakers use taxes to influence the market and increase government revenues.
Cause of inflation: increase in quantity of cash.
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