2,750 research outputs found

    Timeliness, Trade and Agglomeration

    Get PDF
    An important element of the cost of distance is time taken in delivering final and intermediategoods. We argue that time costs are qualitatively different from direct monetary costs such asfreight charges. The difference arises because of uncertainty. Unsynchronised deliveries candisrupt production, and delivery time can force producers to order components beforedemand and cost uncertainties are resolved. Using several related models we show that thiscan cause clustering of component production. If final assembly takes place in two locationsand component production has increasing returns to scale, then component production willtend to cluster around just one of the assembly plants.Just- in-time, clustering, location, trade.

    Timeliness, Trade and Agglomeration

    Get PDF
    An important element of the cost of distance is time taken in delivering final and intermediate goods. We argue that time costs are qualitatively different from direct monetary costs such as freight charges. The difference arises because of uncertainty. Unsynchronised deliveries can disrupt production, and delivery time can force producers to order components before demand and cost uncertainties are resolved. Using several related models we show that this generates hitherto unexplored incentives for clustering. If final assembly takes place in two locations and component production has increasing returns to scale, then component production will tend to cluster around just one of the assembly plants.

    Colin Jones — The Cambridge Illustrated History of France

    Get PDF

    Three-dimensional in situ observations of compressive damage mechanisms in syntactic foam using X-ray microcomputed tomography

    Get PDF
    Royal Society Grant number RG140680 Lloyd's Register Foundation (GB) Oil and Gas Academy of Scotland Open access via Springer Compact AgreementPeer reviewedPublisher PD
    • 

    corecore