Archive for the ‘opportunity cost’ Category

The Beigie Awards: All about inventory

2/2/23, The Indicator (9:30)

Link: https://www.npr.org/2023/02/01/1153569549/the-beigie-awards-all-about-inventory

Instructors: Click here for link to Teaching Ideas for this episode

Summary: The Indicator’s first “Beigie” Award of the year (best entry into the Fed’s Beige book) goes to the Atlanta Fed! The Sixth District described that firms are reverting back to “just-in-time” inventory management from the “just-in-case” approach they were taking when facing uncertain supply chains. The accompanying numerical exercise links inventory with opportunity costs.

Posted April 11, 2023 by ishanitewari in opportunity cost, Utility

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