Article ID | Journal | Published Year | Pages | File Type |
---|---|---|---|---|
6898105 | European Journal of Operational Research | 2013 | 11 Pages |
Abstract
⺠We develop a methodology for allocating inventory across retail stores. ⺠Learning from retail sales is used to update optimal inventory policies. ⺠Learning, Store Adjustment and flexible replenishment have strategic value. ⺠Internal flexibility significantly enhances the value from external flexibility. ⺠Greater diversity in store demand can increase expected profits.
Related Topics
Physical Sciences and Engineering
Computer Science
Computer Science (General)
Authors
Narendra Agrawal, Stephen A. Smith,