Production and Inventory Control at the General Motors Corporation During the 1920's and 1930's
分析1920-30年代通用汽车公司的生产和库存动态，扩展了线性二次模型以考虑年度停工，并用1924-40年月度数据检验，发现公司主要目标是维持目标库存水平，其次才是平滑生产。
This paper analyzes dynamics of production and inventories at the General Motors Corporation during the 1920s and 1930s. The authors begin by examining anecdotal evidence on the nature of the production control system in force during that period. Motivated by that evidence, they then extend the conventional linear-quadratic model of production behavior to take account of annual shutdown. Finally, the authors apply the modified model to newly available data on monthly unit production, sales, and inventories during 1924-40. General Motors appears to have been aiming to maintain a targeted level of inventory relative to expected sales and, secondarily, to smooth production. Copyright 1993 by American Economic Association.