Retail Analytics : Integrated Forecasting and Inventory Management for Perishable Products in Retailing

Language: English

Published by Palgrave Macmillan, 2014

3319133047 / 9783319133041

Series: Book 113 of 126 - Lecture Notes in Economics and Mathematical Systems

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Seller: AHA-BUCH GmbH, Einbeck, GermanyAHA-BUCH GmbH

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nach der Bestellung gedruckt Neuware - Printed after ordering - 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 forbakery products.…

Seller Inventory # 9783319133041

Title
Retail Analytics : Integrated Forecasting and Inventory Management for Perishable Products in Retailing
Author
Anna-Lena Sachs
Publisher
Palgrave Macmillan
Publication year
2014
Condition
Neu
Binding
Taschenbuch
Language
English
ISBN 10
3319133047
ISBN 13
9783319133041
Item weight
213 grams
Dimensions
235x155x8 mm
Series
Book 113 of 126: Lecture Notes in Economics and Mathematical Systems

AHA-BUCH GmbH

Einbeck, Germany

5-star seller

AbeBooks seller since August 14, 2006

Shipping rates from Germany to U.S.A.

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