000 | 04309nam a2200277 a 4500 | ||
---|---|---|---|
001 | 44977 | ||
003 | 0000000000 | ||
005 | 20240411193143.0 | ||
008 | 210704n s 000 0 eng d | ||
010 | _a2014958011 | ||
020 | _a978-3-319-13304-1 | ||
022 | _a 0075-8442 | ||
100 | 1 | _aSachs, Anna-Lena. | |
245 | 1 | 0 |
_aRetail Analytics _h[electronic resource] : _bIntegrated Forecasting and Inventory Management for Perishable Products in Retailing / _cAnna-Lena Sachs. |
260 |
_aCham : _bSpringer, _c2015. |
||
300 | _a1 online resource. | ||
490 | 1 |
_aLecture notes in economics and mathematical systems ; _v680 |
|
505 | 0 | _aAbstract; Acknowledgements; Contents; List of Tables; List of Figures; Acronyms; 1 Introduction; 1.1 Motivation; 1.2 Problem Statement; 1.3 Outline; 2 Literature Review; 2.1 Unobservable Lost Sales; 2.2 Assortment Planning; 2.3 Assortment Planning with Stockout-Based Substitution; 2.4 Stockout-Based Substitution in a Fixed Assortment; 2.5 Joint Pricing and Inventory Planning with Substitution; 2.6 Behavioral Operations Management; 3 Safety Stock Planning Under Causal Demand Forecasting; 3.1 Introduction; 3.2 Safety Stock Basics and Least Squares Estimation; 3.2.1 The Single-Variable Case. 3.2.2 The Multi-Variable Case3.2.3 Violations of Ordinary Least Squares Assumptions; 3.3 Data-Driven Linear Programming; 3.3.1 The Cost Model; 3.3.2 The Service Level Model; 3.4 Numerical Examples; 3.4.1 Sample Size Effects; 3.4.2 Violations of OLS Assumptions; 3.4.3 Real Data; 3.5 Conclusions; 4 The Data-Driven Newsvendor with CensoredDemand Observations; 4.1 Introduction; 4.2 Related Work; 4.3 Data-Driven Model with Unobservable Lost Sales Estimation; 4.3.1 Cost Model; 4.3.2 Benchmark Approaches; 4.4 Numerical Examples; 4.4.1 The Normal Distribution; 4.4.2 The Negative Binomial Distribution. 4.4.3 Sample Size Effects4.4.4 Real Data; 4.5 Conclusions; 5 Data-Driven Order Policies with Censored Demand and Substitution in Retailing; 5.1 Motivation; 5.2 Related Work; 5.3 Model; 5.3.1 Data; 5.3.2 Decisions; 5.3.3 Objective Function; 5.3.4 Known Demand with Stockout Observations of One Product; 5.3.5 Censored Demand; 5.4 Numerical Study and Empirical Analysis; 5.4.1 Benchmark to Estimate Arrival Rates and Substitution Probabilities; 5.4.2 Optimal Solution; 5.4.3 Data Generation; 5.5 Results; 5.5.1 Known Demand with Stockout Observations of One Product. 5.5.2 Censored Demand with Stockout Observations of One Product5.5.3 Censored Demand with Stockout Observations of Both Products; 5.5.4 Real Data; 5.6 Conclusions; 6 Empirical Newsvendor Decisions Under a Service Level Contract; 6.1 Introduction; 6.2 The Setting; 6.2.1 Data Overview; 6.3 Modeling Demand; 6.4 Normative Decision Model; 6.4.1 Product-Specific Service Level; 6.5 Empirical Analysis; 6.5.1 Expected Profit Maximization; 6.5.2 Alternative Decision Models; 6.5.3 Comparison of Alternative Decision Models with the Empirical Retailer; 6.6 Additional Behavioral Aspects of Decision Making. 6.6.1 Anchoring and Adjustment6.6.2 Minimizing Ex-Post Inventory Error; 6.6.3 Order Adaptation and Demand Chasing; 6.7 Value of Product Characteristics: Managerial Insights; 6.8 Conclusions; 7 Conclusions; 7.1 Summary; 7.2 Limitations and Future Research Directions; Bibliography. | |
520 | _aThis book addresses the challenging task of demand forecasting and inventory management in retailing. It analyzes how information from point-of-sale scanner systems can be used to improve inventory decisions, and develops a data-driven approach that integrates demand forecasting and inventory management for perishable products, while taking unobservable lost sales and substitution into account in out-of-stock situations. Using linear programming, a new inventory function that reflects the causal relationship between demand and external factors such as price and weather is proposed. | ||
650 | 7 |
_aBusiness logistics _xManagement. _2sears |
|
650 | 7 |
_aRetail trade _xForecasting. _2sears |
|
650 | 7 |
_aRetail trade _xManagement. _2sears |
|
856 | _uhttps://drive.google.com/file/d/1_H1D3o_C92UUsW1oPQUIDgejxtN5pYoG/view?usp=sharing | ||
999 |
_c14126 _d14126 |