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This paper studies the impact of inaccurate demand beliefs on dynamic quantity-setting market games.
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For example, inaccurate forecasting (demand risk) may lead to under-procurement (supply risk), eventually resulting in the need for a costly emergency order (cost risk) to remedy a product stock-out.
The Romney campaign called the story inaccurate and demanded a correction.
The obstacles to price "stability," a buzzword embraced as warmly by the United States as by Saudi Arabia, have been numerous: chronic cheating within the cartel on its self-imposed output restrictions; inaccurate estimates of demand and inventories; poor forecasting; and the inevitable surprises induced by weather, war and other calamities.
"It's untrue, dishonest and inaccurate," he said, demanding that "Harry reveal his sources".
The father of one of the students on John Sweeney's undercover Panorama filming trip to North Korea has accused the BBC's Tony Hall of making "misleading and inaccurate statements" and demanded an on-air apology, after the documentary was found to have breached editorial guidelines.
Failure to accurately predict growth in demand or inaccurate estimates of grid performance can lead to excessive and unnecessary cost or inadequate capacity.
Inclusion of these records would result in inaccurate estimation of the demand, hence mislead decision maker and increase financial risks.
He said he had considered four main lines of argument from those who claimed there was no need for additional runways: that passenger demand forecasts were inaccurate, that operational changes and bigger planes could accommodate more passengers; that constraining growth would be the greenest option; and that government could push traffic from London's crowded airports to others around the country.
Ronda J. Winnecour, who as the Chapter 13 trustee in Pittsburgh oversees the bankruptcy process in that area, had accused Countrywide of making inaccurate claims, filing needless paperwork, demanding improper fees and charges, and losing or destroying more than $500,000 in checks from homeowners in foreclosure.
Think-aloud interviews (Ericsson and Simon 1993; Leighton et al. 2011) were conducted with five pre-service business and economics teachers to detect formal deficiencies in the items, such as inaccurate language or construct-irrelevant demands (Kuhn and Brückner 2013).
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Justyna Jupowicz-Kozak
CEO of Professional Science Editing for Scientists @ prosciediting.com