Alternative Inventory and Distribution Policies for a Regional Blood Banking System

1980 ◽  
Vol 19 (02) ◽  
pp. 83-87 ◽  
Author(s):  
B. Page
Keyword(s):  
Blood Donor ◽  
Decision Aids ◽  
Banking System ◽  
Testing Procedure ◽  
Statistical Testing ◽  
Mathematical Methods ◽  
Allocation Model ◽  
Blood Banking ◽  
Simulation Language ◽  
Simulation Results

This paper deals with the application of mathematical methods to the inventory of blood units in a regional supply system.A complex simulation model was designed and implemented in the discrete simulation language SIMSCRIPT to investigate alternative inventory and distribution policies for blood units by means of defined objective criteria. These procedures include a method for inventory forecasting and blood donor call-up and a heuristic allocation model for blood units.Empirical data was collected from the Berlin Blood Donor Service for model construction and validation.The simulation results suggest that the inventory procedures presented may lead to a considerable cost reduction in a regional blood banking system.A specific statistical testing procedure was employed to justify the simulation results statistically. In the final section it is suggested that the inventory methods described in this paper can be implemented within a computer information system providing the blood bank management with decision aids.

scholarly journals A dynamic macroeconomic model of the Nigerian economy with emphasis on the monetary sector

2011 ◽  
Vol 12 (1) ◽  
pp. 28-47
Author(s):  
Enang Bassey Udah
Keyword(s):  
Money Supply ◽  
Inflation Rate ◽  
Government Expenditure ◽  
Banking System ◽  
Domestic Economy ◽  
Economic Literature ◽  
Simulation Experiments ◽  
Exchange Rate Management ◽  
Stabilization Policies ◽  
Simulation Results

The dynamic nexus between money supply, fiscal deficit, inflation, output and exchange rate management has recently generated much debate in economic literature in Nigeria. To contribute to this debate, this paper uses the co-integration and error correction framework of analysis and also conducts policy simulation experiments to investigate how monetary variables interact with aggregate supply, demand and prices in order to aid stabilization policies. The results show that monetary variables and government finance are linked through government’s net indebtedness to the banking system. The simulation results show that a 20 per cent monetary squeeze would reduce the inflation rate faster than if the reduction in money supply were 10 per cent. This reduction in money supply would also lead to a reduction in output, employment and government expenditure, which may hurt the domestic economy. The paper thus concludes that there is a trade-off between higher GDP growth and inflation in Nigeria.

The Simulation and Evaluation of Housing Location

1971 ◽  
Vol 3 (4) ◽  
pp. 383-394 ◽  
Author(s):  
A G Houghton
Keyword(s):  
Linear Programming ◽  
Housing Market ◽  
House Price ◽  
Programming Approach ◽  
Mathematical Methods ◽  
Allocation Model ◽  
Interaction Models ◽  
Demand Distribution ◽  
Simulation And Evaluation ◽  
Stock Allocation

This paper attempts, first by a simple numerical example and then by more rigorous mathematical methods, to investigate the important relationships between supply, demand, distribution, and price in the housing market. A theory of house price is linked to the derivation of home-workplace interaction models. A function for evaluating different distributions is derived and a possible linear programming approach to a marginal stock allocation model is discussed.

scholarly journals DIRECTIONS OF ADAPTATION OF THE NBU MONEY AND CREDIT ADJUSTMENT TO THE INFLATION TARGETING MODE ON THE EXAMPLE OF NEW ZEALAND

2018 ◽  
pp. 196-205
Author(s):  
Liudmyla Seheda
Keyword(s):  
Monetary Policy ◽  
New Zealand ◽  
Inflation Targeting ◽  
Banking System ◽  
Business Environment ◽  
Transitional Period ◽  
Mathematical Methods ◽  
National Interests ◽  
Policy Objectives ◽  
Low Efficiency

Introduction. The article deals with the main problems of adaptation of the NBU monetary and credit regulation to the inflation-targeting mode. The main reasons for the low efficiency of the introduction of world experience in the field of monetary policy to domestic realities are considered. The methodical recommendations for increasing the efficiency of monetary regulation, optimizing the monetary mode of inflation targeting and implementing the monetary rule in the practice of realization of monetary policy of the NBU are developed. Purpose. The article aims to study the world experience in the field of adapting monetary and credit regulation to the monetary mode of inflation targeting on the example of New Zealand and to develop the theoretical and practical conclusions for Ukraine. Method (methodology). The following general scientific methods have been used in this research: method of synthesis and generalization (to substantiate the basic problems of monetary regulation in the context of realization of the monetary regime of inflation targeting in Ukraine); methods of analysis and comparison (to study the experience of New Zealand in the field of the formation of the monetary mode of inflationary regulation); statistical and mathematical methods (to develop monetary rule in Ukraine). Results. The main problems of low efficiency of monetary regulation in Ukraine that are related to the neglect of national interests, imbalances in the development of the national economy, inappropriate structure of exports and imports, negative business environment, and conditions for the absorption of monetary impulses have been identified. The experience of New Zealand in the field of the formation of the monetary mode of inflation targeting has been researched. It has been made the conclusion concerning a long transitional period during which, at the level of inflationary purposes, de facto, as intermediate monetary policy objectives, the exchange rate and liquidity of the banking system are used. The monetary rule for Ukraine has been developed. The methodical recommendations for increasing the effectiveness of the monetary and credit regulation of the NBU within the framework of flexible inflation targeting have been worked out.

scholarly journals Risk-oriented integral assessment of the Ukrainian banks effectiveness

2019 ◽  
Vol 14 (3) ◽  
pp. 121-139
Author(s):  
Mariya Rubakha ◽  
Lesia Tkachyk ◽  
Olha Zamaslo ◽  
Olesya Irshak
Keyword(s):  
High Efficiency ◽  
Banking System ◽  
Ratio Analysis ◽  
Mathematical Methods ◽  
Bank Profitability ◽  
Priority Task ◽  
Integral Estimation ◽  
Banking Business ◽  
Integral Assessment ◽  
Graphic Methods

Ensuring efficiency improvement of banks is a priority task for Ukrainian banking system at the stage of creating the developed financial sector of economy. The study of a bank performance, which takes into account a risk factor of banking business, is particularly relevant due to the need to ensure competitiveness and stability of both individual banks and the banking system as a whole.The aim of this article is to develop a methodology for integral evaluation of the Ukrainian banks according to the efficiency and risk criteria. Ratio analysis, mathematical methods, comparison and grouping, synthesis, table, matrix and graphic methods make the methodological basis of the research. The object of the analysis is the activities of Ukrainian banks.The study was conducted to elaborate a method for risk-oriented integral estimation of efficiency of the banks functioning. One can state that high efficiency and low risk of a bank’s work do not depend on the volume of assets, equity and profit for Ukrainian banks.The analysis made it possible to evaluate the strategies for the development of Ukrainian banks. The vast majority of Ukrainian banks have chosen a moderate strategy in the context of balancing the efficiency and riskiness of their activities. According to the results of factor analysis using Raiffeisen Bank Aval as an example, the main factors of gross profit growth were determined as increase in bank profitability and expansion of its active operations volume relative to its own capital.

More powerful cointegration tests with non-normal errors

2015 ◽  
Vol 19 (4) ◽  
Author(s):  
Hyejin Lee ◽  
Junsoo Lee ◽  
Kyungso Im
Keyword(s):  
Least Squares ◽  
Testing Procedure ◽  
Error Distribution ◽  
Linear Estimation ◽  
Moment Conditions ◽  
Significant Power ◽  
Cointegration Tests ◽  
Normal Error ◽  
Simulation Results ◽  
Normal Error Distribution

AbstractIn this paper, we suggest new cointegration tests that can become more powerful in the presence of non-normal errors. Non-normal errors will not pose a problem in usual cointegration tests even when they are ignored. However, we show that they can become useful sources to improve the power of the tests when we use the “residual augmented least squares” (RALS) procedure to make use of nonlinear moment conditions driven by non-normal errors. The suggested testing procedure is easy to implement and it does not require any non-linear estimation techniques. We can exploit the information on the non-normal error distribution that is already available but ignored in the usual cointegration tests. Our simulation results show significant power gains over existing cointegration tests in the presence of non-normal errors.

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