Retail Analytics

Name: Retail Analytics
Brand: Springer International Publishing AG
SKU: 9783319133041
Price: 498.04 RON
Availability: InStock

Integrated Forecasting and Inventory Management for Perishable Products in Retailing

Autor: Anna-Lena Sachs

Limbă:

Legare: Carte broșată

Editura: Springer International Publishing AG

Disponibilitate: În depozitul extern

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This book addresses the challenging task of demand forecasting and inventory management in retailing...

Informații despre carte

Autor

Anna-Lena Sachs

Limbă

engleză

Legare

Carte - Carte broșată

Publicat

2014

Pagini

111

EAN

9783319133041

ISBN

3319133047

Enbook ID

09034259

Editura

Springer International Publishing AG

Greutate

218

Dimensiuni

357 x 239 x 9

Descriere completă

This 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. The book subsequently demonstrates the benefits of this new approach in numerical studies that utilize real data collected at a large European retail chain. Furthermore, the book derives an optimal inventory policy for a multi-product setting in which the decision-maker faces an aggregated service level target, and analyzes whether the decision-maker is subject to behavioral biases based on real data for bakery products.§

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Retail Analytics

Integrated Forecasting and Inventory Management for Perishable Products in Retailing

Informații despre carte

Descriere completă

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