This commentary examines the implications of quadratic cost models on information delay loss in production, highlighting its impact on costs.
Presents a commentary to the article by Yuji Ijiri and Hiroyuki Itami which used a quadratic cost curve in developing the concept of an information delay loss which they measure as the difference between production costs when information is received early and those incurred when information is received late. Assumption required to point out information delay loss as calculated in the study; How the models of the study were developed; Implications for the information delay loss.
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William L. Call (1975) studied this question.
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