FIFO


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FIFO

[′fī‚fō]
(industrial engineering)

FIFO

FIFO

(First In First Out) A storage method that retrieves the item stored for the longest time. Also called "LILO" (Last In Last Out). Contrast with LIFO. See traffic engineering methods.
References in periodicals archive ?
Isso indica que uma estimativa inicial que utiliza todas as informacoes do problema (ordem de chegada das tarefas e tempos de processamento) pode produzir resultados melhores em comparacao ao uso da regra FIFO.
To encourage health professionals to work in rural and remote areas, adopting the FIFO model has been suggested as a means to overcome the challenges associated with attracting and retaining rural health staff (Margolis 2012).
There is a small but growing body of literature that investigates various aspects of resources sector and the FIFO phenomenon including special editions of the journals, Rural Society 22(2) 2013, Australian Geographer 44(3), 2013 and Australian Bulletin of Labour 40(2) 2014 (Rainnie, Michelson, Goods, & Burgess, 2014).
However, this approach overlooks the potential benefit of deferring the built-in gain and potentially avoiding the BIG tax on the excess of the FMV over the FIFO LCM value of the inventory.
In light of this shortcoming, this paper examines mining families' use of a website, Mining Family Matters, as a way to explore the emotional dimensions of FIFO work through a social constructionist lens.
..., [H.sub.1(FIFO n-1)]}; /*get T[S.sub.UML] from UM[L.sub.i] for L[P.sub.i] and initialize the T[S.sub.UML (Min)]*/ S9 T[S.sub.UML (Min)] == T[S.sub.UML]; /*compare T[S.sub.UML (Min)] and T[S.sub.FIFO (Min)] and select LBT[S.sub.i] for L[P.sub.i] */ S10 LBT[S.sub.i] == Min {T[S.sub.UML (Min)], T[S.sub.FIFO (Min)]}; S11 return (Report); /*report LBT[S.sub.i] from L[P.sub.i] to CR.
Use FIFO routing in which callers routinely expect at least a short wait time, and poor survey ratings are the norm.
Companies using LIFO would have to switch to FIFO or average cost.
Cushing and LeClere (1992) conducted a study entitled "Evidence on the Determinants of Inventory Accounting Policy Choice." The study aimed to develop a model that predicts the choice of inventory system through a comparison of long-time FIFO users with long-time LIFO users.
It's well known that specific identification matches actual product costs, while FIFO costing generally provides the next best approximation of actual product flow.
First, the accumulated LIFO reserve--the difference between the dollar value of the inventory under the First-In, First Out (FIFO) accounting method and the dollar value of the LIFO-based inventory--would be subject to tax on a one-time basis.
Thompson also points out that the difference he calculates between total product costs using Fifo and Avco is a result of the inventory valuation method.