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'n Ontleding van voorraadinvestering in Suid-Afrika (Afrikaans)
Thesis (DCom(Ekonomie))--University of Pretoria, 2005.
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University of Pretoria
2013
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| _version_ | 1867613654190391296 |
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| access_status_str | Open Access |
| author2 | Blignaut, James Nelson |
| author_browse | Blignaut, James Nelson |
| author_facet | Blignaut, James Nelson |
| collection | Thesis |
| dc_rights_str_mv | © 2004, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. |
| description | Thesis (DCom(Ekonomie))--University of Pretoria, 2005. |
| format | Thesis |
| id | oai:repository.up.ac.za:2263/27399 |
| institution | University of Pretoria (South Africa) |
| last_indexed | 2026-06-10T12:39:34.803Z |
| license_str | Other — see source repository |
| provenance_str_mv | Harvested via OAI-PMH from UPSpace — University of Pretoria Institutional Repository |
| publishDate | 2013 |
| publishDateRange | 2013 |
| publishDateSort | 2013 |
| publisher | University of Pretoria |
| publisherStr | University of Pretoria |
| record_format | dspace |
| source_str | UPSpace — University of Pretoria Institutional Repository |
| spelling | oai:repository.up.ac.za:2263/27399 'n Ontleding van voorraadinvestering in Suid-Afrika (Afrikaans) Blignaut, James Nelson upetd@up.ac.za Van Heerden, J.H. (Jan Horn), 1957- Smith, Herman Buffervoorraadmotief Sloeringstrukture Sakesamestellings Versnellermodelle Voorraad-op-bestelling Voorraad-op-hande Voorraad-verkope-verhouding Voorraadinvestering Besit van voorraad UCTD Thesis (DCom(Ekonomie))--University of Pretoria, 2005. The purpose of this study is to analyse the development of inventory investment in South Africa and to investigate the factors that have an influence on it. Although the size of inventory investment relative to gross domestic product is very small, the contribution of inventory investment to the growth in gross domestic product is significant. This study has found that, although the cyclical behaviour of inventory investment in South Africa is similar to that in developed countries, the relationship of inventories, production and sales differ. The variance of sales exceeds the variance of production and there is a negative correlation between inventory investment and sales. This difference with developed countries is also found in other developing countries. On this basis the production-smoothing hypothesis is accepted as relevant to describe inventory investment in South Africa. Furthermore, inventory data are only available on a quarterly basis. The features of inventory investment were therefore investigated with an inventory adjustment approach. The econometric model describes how the level of inventories adjusts when it deviates from the desired level. The desired inventory level is a function of the ratio between inventories and sales, which can change during the business cycle. The ratio between sales and prices, unfilled orders, interest rates and production has an influence on this ratio. In addition, the model describes the adjustment of inventories when actual sales deviate from expected sales. The results of the model confirm that unfilled orders, the level of prices, current interest rates, production, actual sales and expected sales have an influence on the development of inventory investment. Of significant importance is the ability to identify unplanned inventory investment and the finding that interest rates have an impact on inventory investment. The contribution of this study is the identification of factors that have an impact on the development of inventory investment in South Africa. With this it is possible to improve the explanation of changes in inventories and its impact on the gross domestic product, therefore helping to improve economic policy formulation. Economics unrestricted 2013-09-07T11:23:53Z 2004-08-20 2013-09-07T11:23:53Z 2004-02-28 2005-08-20 2004-08-20 Thesis Smith, H 2004, 'n Ontleding van voorraadinvestering in Suid-Afrika (Afrikaans), DCom(Ekonomie) thesis, University of Pretoria, Pretoria, viewed yymmdd < http://hdl.handle.net/2263/27399 > http://hdl.handle.net/2263/27399 http://upetd.up.ac.za/thesis/available/etd-08202004-100933/ © 2004, University of Pretoria. All rights reserved. The copyright in this work vests in the University of Pretoria. No part of this work may be reproduced or transmitted in any form or by any means, without the prior written permission of the University of Pretoria. application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf application/pdf University of Pretoria |
| spellingShingle | Buffervoorraadmotief Sloeringstrukture Sakesamestellings Versnellermodelle Voorraad-op-bestelling Voorraad-op-hande Voorraad-verkope-verhouding Voorraadinvestering Besit van voorraad UCTD 'n Ontleding van voorraadinvestering in Suid-Afrika (Afrikaans) |
| title | 'n Ontleding van voorraadinvestering in Suid-Afrika (Afrikaans) |
| title_full | 'n Ontleding van voorraadinvestering in Suid-Afrika (Afrikaans) |
| title_fullStr | 'n Ontleding van voorraadinvestering in Suid-Afrika (Afrikaans) |
| title_full_unstemmed | 'n Ontleding van voorraadinvestering in Suid-Afrika (Afrikaans) |
| title_short | 'n Ontleding van voorraadinvestering in Suid-Afrika (Afrikaans) |
| title_sort | n ontleding van voorraadinvestering in suid afrika afrikaans |
| topic | Buffervoorraadmotief Sloeringstrukture Sakesamestellings Versnellermodelle Voorraad-op-bestelling Voorraad-op-hande Voorraad-verkope-verhouding Voorraadinvestering Besit van voorraad UCTD |
| url | http://hdl.handle.net/2263/27399 http://upetd.up.ac.za/thesis/available/etd-08202004-100933/ |