Results 101 to 110 of about 556 (135)
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Optimal start time of a markdown sale under a two‐echelon inventory system

International Transactions in Operational Research, 2019
AbstractThe importance of inventory management for perishable items has been steadily attracting attention. Because of the characteristics of items whose values drop precipitously or cannot be sold after a particular time, items should be disposed of by a markdown sale.
Youngchul Shin   +2 more
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Optimal ordering and pricing policies in a single-period environment with multivariate demand and markdowns

European Journal of Operational Research, 1997
zbMATH Open Web Interface contents unavailable due to conflicting licenses.
Urban, Timothy L., Baker, R. C.
openaire   +2 more sources

Optimal Markdown Pricing and Inventory Allocation for Retail Chains with Inventory Dependent Demand

Manufacturing & Service Operations Management, 2017
We analyze how inventory dependence of demand affects the optimal pricing and distribution of inventory across multiple retail locations. Our problem formulation corresponds to the typical markdown management decisions in a retail chain. The solution methodology determines the optimal combinations of three important operational levers—pricing ...
Stephen A. Smith, Narendra Agrawal
openaire   +1 more source

Optimal Markdown Pricing: Implications of Inventory Display Formats in the Presence of Strategic Customers

Management Science, 2009
We propose a game-theoretical model of a retailer who sells a limited inventory of a product over a finite selling season by using one of two inventory display formats: display all (DA) and display one (DO). Under DA, the retailer displays all available units so that each arriving customer has perfect information about the actual inventory level ...
Rui Yin   +3 more
openaire   +1 more source

Optimal markdown policy of perishable food under the consumer price fairness perception

International Journal of Production Research, 2016
Markdown policies are widely used by retailers to sell perishable food. Consumers purchase food at different prices during different sales periods. Some consumers may compare their experience with others who purchase the same items. Price unfairness or inequity is perceived when different prices are quoted without reasonable explanations.
Xiaohuan Wang, Zhi-Ping Fan, Zheng Liu
openaire   +1 more source

Fuzzy quadratic programming model for the optimal design of an algal bioenergy park under optimal price markdown percentage

2016 IEEE Region 10 Conference (TENCON), 2016
Algae bioenergy park offers an efficient solution in producing algal bioproducts while increasing the industrial park's efficiency and profit while reducing its wastes and environmental emissions. An industrial park consists of multiple interdependent industries with potentially shared material and energy flow streams.
Aristotle T. Ubando   +1 more
openaire   +1 more source

A Data Mining-Based Framework for Multi-item Markdown Optimization

2018
Markdown decisions in retailing are made based on the demand forecasts which may or may not be accurate in the first place. In this chapter, we propose a framework for forecasting weekly demands of retail items via linear regression models within multi-item groups that incorporate both positive and negative item associations.
openaire   +1 more source

Determining Optimal Markdown Pricing for Remaining Inventory: The Role of Customer Regret

Developments in Marketing Science: Proceedings of the Academy of Marketing Science
Siddhartha Sarkar   +4 more
exaly   +2 more sources

Optimization of transshipment, markdown, and return decisions at fast fashion retailing

2020
Due to its effect on profit, costs, and service levels, supply chain management has played a critical role in the fashion industry. A high degree of demand uncertainty makes it hard to respond to the customers’ needs. Customers require wider product variety and higher levels of responsiveness at lower prices.
openaire  

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