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1.
PROS AND CONS OF THE CURRENCY BOARD-CASE OF BULGARIA
Zornitsa Daskalova Krasimirova, 2010, delo diplomskega seminarja/zaključno seminarsko delo/naloga

Opis: The investigated topic is such that retains its importance throughout time as it tends to be a good lesson on the misconduct of monetary policy of one country during turbulent and drastic economic and political changes, and the following actions meant to bridle back the economy to its stable performance. The focus of this thesis is of Bulgaria and the way it coped with the galloping hyperinflation in the late nineties of the previous century. My main motivation and reason behind writing this thesis is first the fact that I am Bulgarian, who has the language know-how and the access to vaster sources describing and delving into the investigated topic. Furthermore, I am familiar with the culture that stands behind and affects in many aspects the decisions that happened to be decisive for those tumultuous times, thus I can give a better insight on the topic to the people observing from abroad. Therefore, I have attempted to give an objective and straightforward analysis and explanation behind the history, structure, past and present challenges of the Bulgarian currency board, and its advantages and disadvantages that it has had in the country. I hope the information is clear and useful enough to create awareness in the other EU countries of the main arguments and disputes surrounding this pegged system and in general help toward forming a basis for a proper decision making. There were some limitations in the course of work; i.e denied access to some of the materials and articles as they are available only when accessed from Bulgaria. Despite the difficulties, I managed to get a broad scope of sources- domestic and international ones, to come up with the final coherent piece of work that I have the honour to present to you. Further down, in the Introduction part, I have elaborated deeper on the way how I have prepared and structured the investigated topic of my bachelor thesis.
Ključne besede: currency board, “orthodox” currency board, pegged currency, anchor currency, monetary policy, Bulgarian monetary policy, economic crisis, financial crisis, inflation, depreciation, current account deficit, ERM 2, Bulgarian politics, Bulgaria, EU, IMF, Bulgarian National Bank, Eurozone
Objavljeno: 05.05.2011; Ogledov: 1900; Prenosov: 64
.pdf Celotno besedilo (620,89 KB)

2.
Investigation of the bullwhip effect using spreadsheet simulation
Borut Buchmeister, 2008, izvirni znanstveni članek

Opis: Superior supply chains are one of the best ways to compete in today's marketplaces. In Supply Chain Management, overall supply chain evaluation needs to include an important logistical effect known as the Bullwhip Effect. It shows how small changes at the demand end of a supply chain are progressively amplified up the supply chain. Production plans are based on demand forecasting and suppliers not only react an changed demand, they adapt the level of safety stock (variation of stocks and orders increases). In this paper two special situations in a four-stage supply chain are studied: i) stable demand with a single 5 % change in demand (with application of four different stock keeping policies), and ii) changing demand with alternating 5 % changes in demand (up and down, with another three stock keeping policies). The results of spreadsheet simulations are shown in tables and charts. Increasing variability of production orders and stock levels up the supply chain is evident. The Bullwhip Effect is measured by the standard deviation of orders. The comparison of the results shows that the Bullwhip Effect can be partially reduced by appropriate stock keeping policy.
Ključne besede: supply chain, changing demand, bullwhip effect, ordering policy
Objavljeno: 31.05.2012; Ogledov: 1042; Prenosov: 11
URL Celotno besedilo (0,00 KB)

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