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Publications on inventories

Interest Rates and the Market for New Light Vehicles

by Adam Copeland / Federal Reserve Bank of New York George Hall / Brandeis University Louis Maccini / Johns Hopkins University


We study the impact of interest rates changes on both the demand and supply of new light vehicles in an environment where consumers and manufacturers face their own interest rates. Through the estimation of a dynamic stochastic market equilibrium model, we find evidence that rate changes impact the economy through both households and manufacturers. Furthermore, manufacturers’ inventories play an important role amplifying and propagating the interest rate effects over time. A temporary 100 basis-point increase in both interest rates causes vehicle production to fall 12 percent and sales to fall 3.25 percent at an annual rate in the short run.

Keywords: interest rates, automobiles, inventories, Bayesian maximum likelihood.
JEL classification numbers: E44, G31.



Launch of Logistics and Supply Chain Innovation (book)

During a special dinner meeting on September 8, 2015, joined by more than 200 German companies in Dortmund, prof. dr. Henk Zijm (BETA/UT) launched the book “Logistics and Supply Chain Innovation – Bridging the Gap between Theory and Practice“. The meeting was part of the Zukunftscongress Logistik – Dortmunder Gespräche, which is held annually. The book discusses a large number of innovative projects which were carried out by the Dutch Institute for Advanced Logistics, DINALOG, of which Zijm served as scientific director until October 2014, and the Effizienzcluster LogistikRuhr, which is governed by the Fraunhofer Institut für Materialfluss und Logistik (Fraunhofer IML). The book is one of the results of a cooperation agreement signed between Dinalog and the Effizienzcluster/Fraunhofer IML in June 2014; that signing ceremony was attended by amongst others King Willem Alexander and Queen Maxima. The book contains forewords by the Dutch Minister of Infrastructure and the Environment, Mrs. Melanie Schultz van Haegen, and the Minister for Urban Development and Transport of North Rhine-Westphalia, Mr. Michael Groschek.

The book discusses in detail the need for sustainability in the logistics sector. A number of papers highlight each of five themes: Logistics and Sustainability, Urban Logistics, IT-developments, Value Chain management and Knowledge management. It is directed to both academic researchers and logistics and supply chain professionals. The editorial team responsible for the realization of the book was led by prof. dr. Henk Zijm and included prof. dr. Matthias Klumpp (University of Duisburg-Essen), prof. dr. Michael ten Hompel (Chairman of the Board of Fraunhofer IML) and prof. dr. Uwe Clausen (Member of the Board of Fraunhofer IML).

The book is available as hardcover and as e-book by Springer Publishing Company, Berlin. Further information can be retrieved via http://www.springer.com/de/book/9783319222875.


Dear ISIR members:

First, let me wish all of you a healthy and happy holiday season. I hope that this email is not an imposition on you.

I have had several inquiries about the text Production and Operations Analysis, which many of you have used over the years. I am happy to announce that the seventh edition will appear in mid January 2015. The book is being published by Waveland Press out of Chicago. The ISBN number is 978-1-4786-2306-9. 

This edition is a major revision of the sixth edition. First, I am happy to welcome Tava Olsen as my first co-author. Tava is well known to most of you as an active researcher in the operation management community. She holds an endowed chair at the University of Aukland in New Zealand. While virtually all of the material from the sixth edition has been retained, there are several significant revisions and additions. The chapter on aggregate planning has been revised and retitled to reflect a more modern and appropriate topic. The chapter on supply chains has been significantly revised, and a new chapter on services has been added. The Powerpoint slides have been updated as well. 

The first edition of the text was published in 1989 by Richard D. Irwin. Thanks so much to those of you that have adopted the book and sent me suggestions for improvements. Versions of earlier editions are available in Spanish, Hebrew, and Chinese. The book has been used at more than one hundred of universities around the world.

Ordering information and examination copies may be obtained from Don Rosso at djr@waveland.com. International sales will be handled by Waveland as well. Please feel free to contact me directly at snahmias@scu.edu if you need additional information.


Steven Nahmias

​MSOM and INFORMS Fellow​

OMIS Department

Santa Clara University

Santa Clara, CA 95053

Phone: 408-554-4918

Fax: 408-554-2331

Email: snahmias@scu.edu

Office: 316Q Lucas Hall


Sustainable Supply Chains – A Research-Based Textbook on Operations and Strategy

Editors: Bouchery, Y., Corbett, C.J., Fransoo, J.C., Tan, T. (Eds.) http://www.springer.com/us/book/9783319297897 First edited text designed specifically for graduate courses in Sustainable Supply Chains Editors are leaders in the field Online support, including new cases as needed     This book is primarily intended to serve as a research-based textbook on sustainable supply chains for graduate …

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