Premium
Fashion products with asymmetric sales horizons
Author(s) -
Wu Andy WeiDi,
Chiang David MingHuang
Publication year - 2011
Publication title -
naval research logistics (nrl)
Language(s) - English
Resource type - Journals
SCImago Journal Rank - 0.665
H-Index - 68
eISSN - 1520-6750
pISSN - 0894-069X
DOI - 10.1002/nav.20464
Subject(s) - profitability index , procurement , computer science , operations research , product (mathematics) , business , inventory control , stochastic programming , reverse logistics , supply chain , marketing , mathematics , mathematical optimization , finance , geometry
In this study, we explore an inventory model for a wholesaler who sells a fashion product through two channels with asymmetric sales horizons. The wholesaler can improve profitability by employing joint procurement and inventory reallocation as a recourse action in response to the dynamics of sales. In this research, a simple stochastic programming model is analyzed to specify the properties of the optimal inventory decisions. © 2011 Wiley Periodicals, Inc. Naval Research Logistics, 2011