Please use this identifier to cite or link to this item: http://hdl.handle.net/10397/67328
DC FieldValueLanguage
dc.contributorInstitute of Textiles and Clothing-
dc.creatorChoi, TM-
dc.date.accessioned2017-06-13T05:06:39Z-
dc.date.available2017-06-13T05:06:39Z-
dc.identifier.issn0254-5330-
dc.identifier.urihttp://hdl.handle.net/10397/67328-
dc.language.isoenen_US
dc.publisherSpringeren_US
dc.subjectRisk averse behavioren_US
dc.subjectQuick responseen_US
dc.subjectEfficient consumer responseen_US
dc.subjectSupply chain managementen_US
dc.subjectFashion industryen_US
dc.titleImpacts of retailer’s risk averse behaviors on quick response fashion supply chain systemsen_US
dc.typeJournal/Magazine Articleen_US
dc.identifier.spage1-
dc.identifier.epage19-
dc.identifier.doi10.1007/s10479-016-2257-6-
dcterms.abstractSupply chain systems for fashion apparel products face a high level of risk as the market demand is very volatile and unpredictable. In order to cope with demand volatility, the quick response system which aims to shorten replenishment lead time has been well-established. With a shortened lead time, retailers can postpone the ordering decision and improve their demand forecast by gathering updated market information. However, there is a limit for quick response in which the market demand forecast is never fully accurate and uncertainty can never be fully eliminated. Thus, to keep the level of risk under control, retailers tend to possess a risk-averse behaviour in making their respective inventory decisions. In this paper, we explore the make-to-order quick response fashion supply chain with a risk averse retailer. We employ the mean-risk framework to incorporate the retailer’s risk averse behavior into the optimization model. With the focal point on uncovering the impacts brought by the retailer’s risk averse behavior to the quick response fashion supply chain system, we analytically derive important theoretical insights regarding the retailer’s optimal decisions, the implied inventory service levels, the values of quick response, and the contractual arrangements to attain Pareto improvement when the retailer is risk averse.-
dcterms.bibliographicCitationAnnals of operations research, 2016, p. 1-19-
dcterms.isPartOfAnnals of operations research-
dcterms.issued2016-
dc.identifier.eissn1572-9338-
dc.identifier.rosgroupid2015003702-
dc.description.ros2015-2016 > Academic research: refereed > Publication in refereed journal-
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