Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/65026
Title: Optimal pricing and inventory decisions for fashion retailers under value-at-risk objective : applications and review
Authors: Chiu, CH
Zheng, JH
Choi, TM 
Issue Date: 2012
Publisher: Business Science Reference/IGI Global
Source: In TM Choi (Ed.), Fashion supply chain management : industry and business analysis, p. 100-109. Hershey, Pa.: Business Science Reference/IGI Global, 2012 How to cite?
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.
URI: http://hdl.handle.net/10397/65026
ISBN: 9781609607579 (electronic bk.)
9781609607562
9781609607586
DOI: 10.4018/978-1-60960-756-2.ch005
Appears in Collections:Book Chapter

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