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FIFO

FIFO is an for ''first in, first out'' (also known as ''first in, first served''), a for handling and ordering items or events such that the earliest ones are processed, used, or removed before later arrivals. This method is applied across various domains, including and inventory management, and (such as queues and buffers), models like (common in remote industries), and other contexts. In , FIFO is a permitted valuation method under both U.S. and IFRS (where LIFO is prohibited), assuming the oldest costs are assigned to goods sold first. It aligns with the physical flow of many goods, particularly perishables, and results in lower (COGS) during rising prices, leading to higher reported profits. For example, if a purchases 100 units at $10 each followed by 100 units at $15 each and sells 150 units, COGS under FIFO is (100 × $10) + (50 × $15) = $1,750, with remaining valued at $15 per unit. Advantages include simplicity and reflecting current costs in valuations, which can enhance financial ratios. However, it may increase in inflationary periods compared to LIFO (allowed only under U.S. GAAP). Overall, FIFO promotes efficient and order preservation in diverse operational settings.

First-In, First-Out

Definition and Core Concepts

FIFO, or First-In, First-Out, is a core queueing discipline and principle that organizes elements in a linear such that the first element added to the collection is the first one to be removed. This ensures ordered by restricting access to sequential operations: elements are inserted at one end (typically the rear) and extracted from the opposite end (the front), preventing random or out-of-order removals that could disrupt the sequence. The FIFO model is foundational in managing ordered flows in various systems, emphasizing fairness and predictability in handling items based on their arrival order. A key analogy for understanding FIFO is a physical line of people waiting for service, such as at a or , where the individual who joins first stands at the front and is served first, while newcomers join at the back; no one can cut in line or leave from the middle without violating the order. This real-world parallel illustrates the non-preemptive nature of FIFO, where processing adheres strictly to chronological entry without interruptions or reordering. Mathematically, a FIFO queue is defined by its primary operations: enqueue, which appends an element to the rear, and dequeue, which retrieves and removes the element from the front. Additional operations may include checking if the is empty or peeking at the front element without removal, but the core maintains the that dequeues always yield the oldest enqueued item. The following demonstrates a basic FIFO implementation using an :
[class](/page/Class) FIFOQueue:
    def __init__(self):
        self.[queue](/page/Queue) = []
        self.front = 0
        self.rear = -1
    
    def enqueue(self, item):
        self.rear += 1
        self.[queue](/page/Queue).append(item)  # Add to rear
    
    def dequeue(self):
        if self.is_empty():
            return None
        item = self.[queue](/page/Queue)[self.front]
        self.front += 1
        if self.front > self.rear:
            self.front = 0
            self.rear = -1
        return item
    
    def is_empty(self):
        return self.front > self.rear
This representation highlights the constant O(1) amortized for enqueue and dequeue in efficient array-based implementations. FIFO distinguishes itself from other data structures like stacks, which operate on a Last-In, First-Out (LIFO) basis by removing the most recently added element first, or , which reorder elements based on assigned priorities rather than insertion sequence. In FIFO, the ordering remains strictly linear and arrival-time driven, without preprocessing or dynamic resorting, making it ideal for scenarios requiring temporal fairness.

Historical Development

The FIFO principle traces its conceptual roots to 19th-century developments in , particularly Siméon Denis 's formulation of the in 1837, which provided a for random arrival events that later underpinned queueing systems. This foundation gained practical application in the early 1900s through the work of Danish engineer Agner Krarup Erlang at the . In his seminal 1909 paper, "The Theory of Probabilities and Telephone Conversations," Erlang modeled incoming calls as Poisson processes and developed queueing formulas assuming a first-come, first-served (FIFO) service order to minimize delays and optimize trunk lines. His 1917 publication, "Solution of Some Problems in the Theory of Probabilities of Significance in Automatic Telephone Exchanges," further refined these models, including the Erlang C formula for systems with waiting queues under FIFO discipline, establishing as a discipline and influencing subsequent applications across fields. In , FIFO emerged as a core valuation method during the early , as a longstanding aligning with the physical of in many businesses, such as perishable or sequential items, and was integrated into formal financial and tax practices with the introduction of requirements for . This distinguished FIFO from alternatives like base stock methods, which faced IRS restrictions by 1919 due to valuation concerns. Key advancements in manufacturing amplified FIFO's role, with Henry Ford's 1913 implementation of the moving assembly line at his Highland Park facility exemplifying sequential processing to streamline automobile production, reducing Model T assembly time from over 12 hours to about 90 minutes and enabling mass output. This approach embodied FIFO by directing materials and tasks in arrival order, influencing through efficient flow control and just-in-time precursors. Post-World War II, amid the 1940s-1960s economic expansion, these principles proliferated in manufacturing and supply chains as demobilized factories scaled peacetime production, with FIFO adopted in inventory rotation and assembly to handle surging demand and minimize waste in sectors like automotive and consumer goods. In parallel, FIFO formalized in computing during the 1950s via early and job scheduling in computers, where tasks were processed in arrival sequence to manage limited resources, extending to digital environments.

Applications in Computing and Electronics

FIFO Data Structures and Queues

FIFO data structures, commonly known as , provide a linear collection that adheres to the first-in, first-out (FIFO) principle, ensuring elements are processed in the order they are added. These structures are fundamental in for managing ordered access, such as buffering streams or scheduling tasks, and can be implemented using arrays or linked lists to support core operations like enqueue (adding to the rear) and dequeue (removing from the front). Arrays offer a contiguous memory allocation for queue implementation, providing constant-time access to elements via indexing, which makes them efficient for cache locality and simpler in memory management. However, arrays have a fixed size, leading to overflow when full and requiring manual resizing for dynamic growth, which can incur O(n) time in worst cases if not optimized. Linked lists, conversely, use nodes with pointers to enable dynamic sizing without predefined limits, allowing seamless expansion but at the cost of higher memory overhead due to pointer storage and slower access times from non-contiguous allocation. For optimal performance, array-based queues often employ circular buffering, where the rear pointer wraps around to the front upon reaching the end, maximizing space utilization and maintaining O(1) operations for both enqueue and dequeue without shifting elements. In efficient implementations, both enqueue and dequeue operations achieve O(1) average time complexity, as adding to the rear or removing from the front involves only pointer updates without traversing the structure. For instance, in C++, the std::queue container adaptor, typically backed by std::deque, supports FIFO semantics with these operations: elements are pushed via push() and popped via pop(), ensuring the oldest element is always at the front accessible by front(). Similarly, Python's collections.deque provides a double-ended queue optimized for FIFO use, where append() adds to the right (rear) and popleft() removes from the left (front), both in O(1) time, making it suitable for queue applications without the overhead of lists. Real-world software applications of FIFO queues include operating system process scheduling, where ready processes are queued and dispatched in arrival order to ensure fairness; printer queues, which hold print jobs until the device processes them sequentially to avoid conflicts; and (BFS) algorithms in , where nodes are explored level by level by enqueuing neighbors of the current node. Error handling in FIFO queues addresses overflow (attempting to enqueue on a full structure) and underflow (dequeueing from an empty one), typically by checking size before operations and raising exceptions or returning error flags. Circular buffers mitigate overflow in array-based queues by reusing freed space at the front, preventing premature fullness while still requiring explicit checks for underflow via an empty condition (front equals rear).

Hardware and Memory Management

In hardware implementations, buffers serve as essential components for managing data flow in systems where and rates differ. These buffers operate on the first-in, first-out , temporarily storing data to prevent or underflow. Synchronous FIFO designs utilize a single for both read and write operations, simplifying logic and enabling higher clock speeds, typically up to 65 MHz in early FPGA implementations. In contrast, asynchronous FIFOs employ separate read and write clocks, facilitating in multi-clock environments but introducing complexity through pointer synchronization using Gray codes to avoid . Clocked shift s form the foundational building blocks for both types, often combined with dual-port in FPGAs like the XC4000 series, where each register stage handles bit-level shifting under clock . A representative example of FIFO application in USB interfaces is found in devices such as the FT232H, where asynchronous FIFO mode allows high-speed data transfer up to 1 MB/s in full-speed USB 2.0, using buffer flags like TXE# for transmit empty and RXF# for receive full to manage 8-bit parallel data between host and peripherals. In network packet handling, Ethernet MAC layers employ FIFO buffers to regulate frame transmission and reception; for instance, Intel's Ethernet MAC uses 16 KB TX and RX FIFOs supporting cut-through forwarding, where data is forwarded as soon as the header is received, reducing latency in 1 Gbps while handling jumbo frames up to 3800 bytes. eviction policies also leverage FIFO, evicting the oldest entry upon cache miss; a scalable , S3-FIFO, uses three static queues to achieve lower miss ratios than LRU on skewed workloads, with 6× higher throughput at 16 threads across 6594 traces from diverse datasets. In , FIFO plays a key role in paging by swapping out the oldest page when physical memory is full, as implemented in operating systems where pages are tracked in a to minimize thrashing from Belady's in certain reference patterns. This approach prioritizes simplicity, treating arrival time as a for least likely reuse, though it may incur more faults than optimal algorithms in non-sequential accesses. Technical specifications for FIFO buffers emphasize depth as a critical parameter to absorb rate mismatches; for example, in asynchronous designs with write clock at 30 MHz and read at 40 MHz over a burst of 30 words with one idle read cycle, the required depth is approximately 10 entries to prevent , accounting for latencies. Dual-clock (asynchronous) FIFOs reduce through optimized pointer , achieving 3-4 clock cycles from write to read in typical implementations by using dual synchronizers for Gray-encoded pointers. For FPGA realization, code often infers FIFOs via IP cores or custom modules; a basic synchronous 16x8 FIFO example uses a and binary pointers:
verilog
[module](/page/Module) fifo_mem (
    input clk, rst_n, wr, rd,
    input [7:0] data_in,
    output [7:0] data_out,
    output fifo_full, fifo_empty
);
    reg [7:0] mem [15:0];
    reg [4:0] wr_ptr, rd_ptr;
    
    always @(posedge clk or negedge rst_n) begin
        if (!rst_n) begin
            wr_ptr <= 0; rd_ptr <= 0;
        end else begin
            if (wr && !fifo_full) begin
                mem[wr_ptr[3:0]] <= data_in;
                wr_ptr <= wr_ptr + 1;
            end
            if (rd && !fifo_empty) begin
                rd_ptr <= rd_ptr + 1;
            end
        end
    end
    
    assign fifo_empty = (wr_ptr == rd_ptr);
    assign fifo_full = (wr_ptr[4] != rd_ptr[4]) && (wr_ptr[3:0] == rd_ptr[3:0]);
    assign data_out = mem[rd_ptr[3:0]];
endmodule
This structure, synthesizable on modern FPGAs, highlights pointer comparison for status flags, with extensions to Gray coding for asynchronous variants. equivalents follow similar behavioral descriptions, often using processes for .

Applications in Accounting and Inventory

Inventory Valuation Method

In inventory accounting, the First-In, First-Out (FIFO) method is a cost flow assumption that treats the earliest goods acquired as the first ones sold, while the most recent acquisitions remain in ending . This approach is permitted under both (IFRS) via IAS 2 and U.S. GAAP via ASC 330, provided it aligns with the entity's actual inventory practices. During periods of rising prices, such as , FIFO assigns older, typically lower costs to the (COGS), resulting in lower reported COGS and higher ending inventory values compared to more recent costs. To illustrate the FIFO calculation under a periodic system—where costs are determined only at the end of the based on a physical —consider the following example with units of a non-perishable product. Assume beginning of 40 units at $12 each ($480 total), followed by purchases: 60 units at $13 each on September 4 ($780), 30 units at $14 each on September 15 ($420), and 45 units at $15 each on September 23 ($675). Total goods available for sale are 175 units costing $2,355. If 115 units are sold during the , ending consists of the 60 most recent units: 45 at $15 each ($675) and 15 at $14 each ($210), totaling $885. COGS is then calculated as $2,355 minus $885, equaling $1,470. The FIFO method offers several advantages in inventory valuation. It often matches the physical of , particularly for perishable items like or pharmaceuticals where older must be sold first to avoid spoilage. Additionally, it provides a valuation closer to current replacement costs, as ending reflects the most recent purchase prices, which enhances for financial reporting. Unlike LIFO, which assumes recent costs are sold first, FIFO generally results in higher reported profits during . FIFO can be applied in either periodic or perpetual s, differing primarily in the timing of assignments. In a periodic , is not tracked continuously; instead, a physical at period-end determines units available and sold, with FIFO costs allocated retrospectively to COGS and ending . In contrast, a perpetual updates records in with each purchase and sale, applying FIFO immediately to assign the oldest costs to outgoing units, which requires more sophisticated tracking but provides ongoing visibility into levels and costs. Both s yield the same ending results under FIFO if no additional transactions occur, but perpetual tracking reduces errors in high-volume operations.

Financial and Tax Implications

In periods of rising prices, the FIFO method results in a lower (COGS) on , as it assigns the oldest, typically cheaper costs to COGS, thereby increasing gross profit and compared to more recent costs. This approach provides a better reflection of current replacement costs in ending values, enhancing the balance sheet's relevance during inflationary environments. Under U.S. regulations, companies electing the LIFO method for purposes must adhere to the LIFO conformity rule, established in the Revenue Act of 1939, which requires using LIFO for financial reporting in the primary to prevent selective methods that could manipulate . Consequently, FIFO usage often leads to higher than LIFO in inflationary periods due to the lower COGS and elevated profits, resulting in increased liabilities and reduced cash flows from operations. Internationally, the (IFRS) permit FIFO as a primary inventory valuation method alongside weighted- but explicitly prohibit LIFO, emphasizing consistency with current economic conditions. In contrast, U.S. offers greater flexibility by allowing both FIFO and LIFO, though LIFO's tax benefits drive its adoption among certain U.S. firms. In the , where IFRS is mandatory for the consolidated of listed companies, FIFO or weighted average cost is used for valuation in industries like and , aligning with principles that avoid LIFO's potential to understate asset values during . In India, under converged IFRS standards (Ind AS), FIFO is required for financial reporting as LIFO is prohibited. In , while Japanese allows LIFO, companies using IFRS must use FIFO or weighted average, and FIFO predominates among IFRS adopters.
ScenarioMethodEffect on IncomeEffect on Inventory ValueEffect on Cash Flow
Inflation (Rising Prices)FIFOHigher (lower COGS)Higher (recent costs)Lower (higher taxes)
Inflation (Rising Prices)LIFOLower (higher COGS)Lower (older costs)Higher (lower taxes)
Deflation (Falling Prices)FIFOLower (higher COGS)Lower (recent costs)Higher (lower taxes)
Deflation (Falling Prices)LIFOHigher (lower COGS)Higher (older costs)Lower (higher taxes)
This table illustrates the contrasting outcomes of FIFO and LIFO under different price environments, where FIFO better matches physical inventory flows but amplifies tax exposure during inflation.

Fly-In Fly-Out Employment Model

Overview and Implementation

The fly-in fly-out (FIFO) employment model is a rotational work arrangement in which employees commute by air to remote work sites for extended shifts, typically lasting one to four weeks, followed by equivalent or longer rest periods at home. This model is widely used in resource extraction industries like and , where operations are situated in isolated areas inaccessible to daily commuters, allowing companies to draw skilled labor from centers without relocating families or building permanent . Workers arrive via flights, reside in on-site camps equipped with accommodations, meals, and recreational facilities, and return home during off periods to maintain work-life balance. Implementation of FIFO involves structured rosters tailored to operational needs, such as the common 14 days on/7 days off (14/7) or 28 days on/7 days off (28/7) cycles, often paired with 12-hour daily shifts to maximize productivity while complying with fatigue management regulations. Logistics are coordinated through dedicated charter airlines operating from hubs like to sites in Western Australia's region, with companies providing transport, safety briefings, and site inductions upon arrival. For instance, major operators like and Rio Tinto employ flexible rosters including 8 days on/6 off (8/6) and 7 on/7 off (7/7) in their ore mines, ensuring continuous operations across vast, remote terrains. The FIFO model originated in the with offshore oil rigs but rose prominently in the 1970s amid Australia's boom, as discoveries demanded rapid workforce scaling in remote areas without the expense of new towns, a shift accelerated by cheaper and the 1986 Fringe Benefits Tax that raised housing costs. In , FIFO similarly emerged in the for northern and oil projects, enabling access to isolated and sub-Arctic sites. By the 2020s, FIFO supported significant portions of remote workforces, with about 63% of Western Australia's resources sector operational roles using the model in 2020, and over 100,000 FIFO positions across Australia's industry, exemplified by and Rio Tinto's extensive deployments.

Impacts on Workers and Industries

The FIFO employment model provides workers with substantial financial incentives, including salaries often 20-50% higher than equivalent non-FIFO positions in sectors like mining, facilitating accelerated savings and financial security. However, these rewards are offset by significant personal tolls, such as profound isolation during extended on-site rotations, where limited social interactions and separation from family networks foster loneliness and emotional disconnection. Long, compressed shifts—typically 12-14 hours daily over weeks—induce chronic fatigue and disrupted sleep patterns, with workers averaging only 6.5 hours of rest per night on-site compared to 8 hours off-site. Mental health suffers accordingly, with approximately one-third of FIFO workers reporting high or very high psychological distress, more than double the 11-17% rate in the general Australian population. Relationship strains are also prevalent, as roster demands heighten work-family conflict and communication barriers, contributing to elevated divorce rates of around 10% among FIFO workers versus 8.3% in the broader population—a roughly 20% higher incidence linked to lifestyle incompatibilities and trust erosion. For industries, particularly resource extraction in remote regions, FIFO yields operational efficiencies by obviating the need for costly permanent relocations and on-site housing infrastructure, which can exceed millions in development expenses for isolated communities. This model achieves significant cost reductions—often through employer-covered travel and accommodations—compared to sustaining full-time local staffing, enabling substantial savings in human resource overheads for short-term projects. Moreover, FIFO enhances flexibility, allowing rapid scaling for cyclical or project-specific demands without long-term commitments, which supports productivity in volatile sectors like and . As of 2025, the model remains prevalent, with Australia's mining sector employing 299,200 workers and ongoing growth projected to add 22,000 jobs by 2030, alongside increased focus on initiatives. Challenges extend beyond workers to broader societal and ecological domains, with frequent flyovers generating elevated carbon emissions from , contributing disproportionately to the mining industry's Scope 3 footprint and straining regional efforts. In host communities, the influx of transient workers disrupts economies and social fabrics, as limited leads to inflated short-term housing pressures and reduced long-term community investment. These issues have fueled 2020s policy debates in , especially in and mining regions, where governments and inquiries advocate shifting toward hiring mandates to bolster regional employment and mitigate FIFO's transient effects. Mitigation efforts focus on targeted interventions to alleviate these pressures, including comprehensive programs such as networks modeled on initiatives like Mates in Construction, which provide accessible counseling and stigma reduction at FIFO sites. Roster optimizations, like even-time schedules (e.g., two weeks on, one week off), have proven effective in curbing and by allowing better and family reconnection periods. Data from the 2015 Western Australian FIFO worker survey, involving over 3,000 participants, highlight how such strategies—combined with enhanced communication tools and family induction programs—have been shown to help lower psychological distress and improve overall .

Other Notable Uses

FIFO International Film Festival

The FIFO International Film Festival, formally known as the Festival International du Film Documentaire Océanien, was established in 2004 in , , , with a primary focus on showcasing documentary films from and the Pacific region, alongside international works that highlight cultural and social narratives. Organized annually by the Association du Festival International du Film Océanien (AFIFO), the event aims to promote Oceanian audiovisual production, foster cultural exchange, and amplify underrepresented voices from Pacific islands. The festival typically spans 8 to 10 days in late or early at the Maison de la Culture in , featuring a structured program of screenings, professional workshops, conferences, and pitch sessions for emerging filmmakers. It includes around 40 to 50 films per edition, comprising 10 feature-length documentaries in , 13 out-of-competition screenings, and approximately 20 short documentaries and fiction films, often with special themed sessions and free public viewings. Awards are a central component, with the prestigious FIFO Grand Prize awarded to the best documentary (valued at 500,000 CFP francs), alongside two Special Jury Prizes (200,000 CFP each), a Public Prize (300,000 CFP), and category-specific honors for shorts and regional works. FIFO holds significant cultural and professional importance as a platform for Oceanian perspectives, emphasizing themes like environmental challenges, , and , thereby contributing to the visibility of Pacific cinema. The event draws filmmakers, distributors, and audiences from across the Pacific, , and beyond, supporting industry development through networking opportunities and funding access. Key partnerships with institutions such as France's Centre National du Cinéma et de l'Image Animée (CNC), , and regional broadcasters like Polynésie La 1ère enable broader distribution, co-productions, and financial backing for Oceanian projects. Notable editions include the 18th festival in 2021, which pivoted to a fully digital format in response to the , expanding its reach to online audiences across the Pacific and while maintaining workshops and awards virtually. Another highlight is the 2018 edition, where the climate change documentary Anote's Ark—exploring the existential threats to Pacific islands—claimed the Grand Prize, underscoring FIFO's role in addressing urgent regional issues like rising sea levels and .

FiFo Records Label

FiFo Records was an independent American record label founded in 1960 by singer-songwriter and producer Bob Markley and songwriter Baker Knight in Hollywood, California. The label primarily targeted the burgeoning rock and pop music scene, releasing 7-inch singles aimed at capturing the energy of emerging artists in the Los Angeles area during the early 1960s. Markley, who had previously released singles on Warner Bros. Records, brought his entertainment background to the venture, while Knight contributed songwriting expertise that helped shape the label's output. The label's notable releases included rock-oriented singles by artists such as Sonny Knight, whose 1960 debut "Saving My Love (I'm Saving My Love for You) / It's So Right" (catalog FA-101) exemplified the pop-rock style popular at the time, and early efforts from psychedelic and acts. A key highlight was the album Volume One by The Pop Art Experimental Band (WCPAEB), a Los Angeles-based group co-financed by Markley, which blended , elements, and experimental sounds on catalog M101. Other artists on the roster, like Lucy Duran and Judy Brown, contributed to a modest catalog of singles that reflected the diverse influences of the era's music scene. Although specific distribution deals with larger labels are not well-documented, the label's small-scale operations allowed for localized promotion in the competitive market. FiFo Records operated through the early to mid-1960s, with its final known releases appearing in 1966 amid the rapid evolution and consolidation of the recording industry. The label ultimately folded as independent outfits struggled against major players, ceasing activity after producing a limited discography focused on singles and one full-length album. Its legacy endures in the garage and psychedelic rock communities, particularly through WCPAEB's debut, which showcased raw, innovative sounds that influenced later experimental acts. Original FiFo vinyl, such as the rare Volume One LP, has become highly collectible among enthusiasts, with complete copies fetching premium prices due to their scarcity and historical significance.

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