Demand uncertainty and supplier's returns policies for a multi-store style-good retailer

Article Abstract:

The newsboy problem modeling framework was employed to analyze the effects of demand uncertainty and a supplier's returns policy on a retailer's optimal order quantity decisions. The study focused on a supplier faced with a retailer that has two or more stores with normally distributed and possibly correlated demands. Based on special error functional forms of both the retailer's and supplier's functions, several insights were gained on the impact of correlation and variability between store demands on optimal decisions and their profits.

Wholesale Trade, Retail Store Chains, Supplies Purchasing, Purchasing, Wholesale industry, Chain stores, Factory orders

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Optimal ordering policies when anticipating a disruption in supply or demand

Article Abstract:

Stock inventory can suffer because of disruptions in supply or demand. An optimal ordering policy for Economic Order Quantity inventory systems, with provisions for demand/supply disruptions, is presented. The structure of an optimal policy, in conditions where the start of the disruption is known, is described and computation procedures shown.

Inventory control

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A multi-period profit maximising model for retail supply chain management: an integration of demand and supply-side mechanisms

Article Abstract:

A multi-period inventory is set out in detail, with supply and demand-side mechanisms analyzed. Implications for the interface between manufacturing and marketing are explained.

GENERAL MERCHANDISE STORES, Retail stores, Marketing

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