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

eBook details

  • Author: Anna Lena-Sachs
  • File Size: 2 MB
  • Format: PDF
  • Length: 132 pages
  • Publisher: Springer
  • Publication Date: December 10, 2014
  • Language: English
  • ASIN: B00S1682JG
  • ISBN-10: 3319133047
  • ISBN-13: 9783319133041

$64.99 $13.00

This ebook Retail Analytics: Integrated Forecasting and Inventory Management for Perishable Products in Retailing (PDF) addresses the tough job of inventory management and need forecasting in retailing. It evaluates how info from point-of-sale (PoS) scanner systems can be utilized to enhance inventory choices and establishes an information-driven technique that incorporates need forecasting and inventory management for perishable products while taking unobservable lost sales and alternative into account in out-of-stock scenarios. The ebook consequently shows the advantages of this brand-new technique in mathematical research studies that make use of genuine information gathered at a big European retail chain. Using direct shows, a brand-new inventory function that shows the causal relationship in between need and external aspects such as cost and weather condition is proposed. Furthermore, the ebook obtains an ideal inventory policy for a multi-item setting in which the choice-maker deals with an aggregated service level target, and evaluates whether the choice-maker undergoes behavioral predispositions based upon genuine information for bakeshop products.

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