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. © 2012, IGI Global. All rights reserved.
| Original language | English |
|---|---|
| Title of host publication | Fashion Supply Chain Management: Industry and Business Analysis |
| Publisher | IGI Global Publishing |
| Pages | 100-109 |
| ISBN (Print) | 9781609607579, 9781609607562 |
| DOIs | |
| Publication status | Published - 31 Jul 2011 |
Bibliographical note
Publication details (e.g. title, author(s), publication statuses and dates) are captured on an “AS IS” and “AS AVAILABLE” basis at the time of record harvesting from the data source. Suggestions for further amendments or supplementary information can be sent to <a href="mailto:[email protected]">[email protected]</a>.Funding
This work was supported in part by the Hong Kong Research Grants Council Competitive Earmarked Research Grant under a grant number of PolyU 5143/07E.
RGC Funding Information
- RGC-funded
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