Contact
How to shop
Delivery
Shopping guide
Retail Analytics
Integrated Forecasting and Inventory Management for Perishable Products in Retailing
English
224 b
30-day return policy
Customers also purchased
/
Cards
10.52
€
/
Paperback
23.99
€
/
Paperback
25.82
€
/
Paperback
35.74
€
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.§
About the book
English
Categories
Give this book today
It's easy
1 Add to cart and choose Deliver as present at the checkout 2 We'll send you a voucher 3 The book will arrive at the recipient's addressYou might also be interested in
/
Paperback
103.10
€
/
Hardback
27.44
€
Hi! I'm Libroamiko, your book advisor.
How can I help you?