IRMA-International.org: Creator of Knowledge
Information Resources Management Association
Advancing the Concepts & Practices of Information Resources Management in Modern Organizations

Optimal Pricing and Inventory Decisions for Fashion Retailers under Value-At-Risk Objective: Applications and Review

Optimal Pricing and Inventory Decisions for Fashion Retailers under Value-At-Risk Objective: Applications and Review
View Sample PDF
Author(s): Chun-Hung Chiu (City University of Hong Kong, Hong Kong), Jin-Hui Zheng (The Hong Kong Polytechnic University, Hong Kong)and Tsan-Ming Choi (The Hong Kong Polytechnic University, Hong Kong)
Copyright: 2012
Pages: 10
Source title: Fashion Supply Chain Management: Industry and Business Analysis
Source Author(s)/Editor(s): Tsan-Ming Choi (The Hong Kong Polytechnic University, Hong Kong)
DOI: 10.4018/978-1-60960-756-2.ch005

Purchase


Abstract

Motivated by the popularity of Value-at-Risk (VaR) objective in finance, this chapter reviews and studies its application in fashion retail operations management. First, a formal optimization model is reviewed in which the fashion retailer aims at optimizing a VaR objective with both pricing and inventory decisions. Second, the detailed solution schemes are explored. Third, numerical examples are included to illustrate applications of the proposed models. Fourth, the performance of pure buyback contract and pure wholesale pricing contract in enhancing supply chain efficiency is examined. Insights are generated and future research directions are outlined.

Related Content

Hamed Nozari. © 2024. 13 pages.
Maryam Rahmaty. © 2024. 13 pages.
Mahmonir Bayanati. © 2024. 13 pages.
Kamalendu Pal. © 2024. 33 pages.
Kamalendu Pal. © 2024. 35 pages.
Aminmasoud Bakhshi Movahed, Ali Bakhshi Movahed, Hamed Nozari. © 2024. 31 pages.
Esmael Najafi, Iman Atighi. © 2024. 11 pages.
Body Bottom