A Joint Decision Model of Variants Selection, Shelf-space Allocation and Inventory Control

The problem of jointly determining product variety (PV), shelf-space allocation (SSA) and inventory control (IC) for different items of a certain brand product is studied in this paper. Based on formulating demand rate as a function of time, promotion and shelf-space, a joint decision model of varia...

Full description

Saved in:
Bibliographic Details
Published in2007 IEEE International Conference on Service Operations and Logistics and Informatics pp. 1 - 5
Main Authors Gao, J.J., Yu, L.R.
Format Conference Proceeding
LanguageEnglish
Published IEEE 01.08.2007
Subjects
Business
Costs
Frequency
Integrated circuit modeling
Inventory control
Inventory management
joint decision model
Marketing and sales
product variety
shelf-space allocation
Stochastic processes
Supply chain management
Supply chains
Variants Selection
Online AccessGet full text
ISBN1424411173
9781424411177
DOI10.1109/SOLI.2007.4383939

Cover

More Information
Summary:The problem of jointly determining product variety (PV), shelf-space allocation (SSA) and inventory control (IC) for different items of a certain brand product is studied in this paper. Based on formulating demand rate as a function of time, promotion and shelf-space, a joint decision model of variants selection, shelf-space allocation and inventory control is established to maximize total profits, subject to given stocking space constraints and service level constraints. Also a numerical solving algorithm for this model is given. Finally, numerical results and conclusions are presented, which show that this joint decision model could evidently increase 115 percent profit higher than the policies applied by retailer before.
ISBN:1424411173
9781424411177
DOI:10.1109/SOLI.2007.4383939