Specification of Domestic And Foreign Factors On The Inventory Model

Young-Keun Chung
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Young-Keun Chung: Korea Environment Institute

Korean Economic Review, 2003, vol. 19, 285-306

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.

Keywords: Inventory Behavior; Multicountry Comprative Analysis (search for similar items in EconPapers)
JEL-codes: C32 E22 F41 (search for similar items in EconPapers)
Date: 2003
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