Improved Fashion Buying with Bayesian Updates

DOI10.1287/OPRE.45.6.805zbMATH Open0895.90104OpenAlexW2082222210MaRDI QIDQ4384099FDOQ4384099

Authors: Gary D. Eppen, Ananth Iyer 

Publication date: 20 April 1998

Published in: Operations Research (Search for Journal in Brave)

Full work available at URL: https://doi.org/10.1287/opre.45.6.805

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zbMATH Keywords

stochastic dynamic programmingupdated Newsboy heuristic

Mathematics Subject Classification ID

Applications of mathematical programming (90C90) Dynamic programming (90C39) Inventory, storage, reservoirs (90B05) Production models (90B30)

Cited In (37)

• A Bayesian Approach to the Two-period Style-goods Inventory Problem with Single Replenishment and Heterogeneous Poisson Demands
• Inventory management in a closed-loop supply chain with advance demand information
• Order postponement in a supply chain in the presence of exponential demand with gamma prior
• On the incorporation of parameter uncertainty for inventory management using simulation
• Production under periodic demand update prior to a single selling season: A decomposition approach
• Pricing strategy for new products with presales
• Joint pricing and inventory replenishment decisions with returns and expediting under reference price effects
• A Bayesian approach to a dynamic inventory model under an unknown demand distribution
• Improving supply-chain performance by sharing advance demand information
• Bayesian demand updating in the lost sales newsvendor problem: a two-moment approximation
• Periodic-review inventory model with three consecutive delivery modes and forecast updates
• Merchandise planning models for fashion retailing
• `Too little' or `Too late': the timing of supply chain demand collaboration
• Outsource planning through option contracts with demand and cost uncertainty
• Supply chain networks with global outsourcing and quick-response production under demand and cost uncertainty
• Joint pricing and inventory replenishment decisions with returns and expediting
• A collaborative decentralized distribution system with demand forecast updates
• Two-period pricing and inventory decisions of perishable products with partial lost sales
• Integrating inventory control and a price change in the presence of reference price effects: a two-period model
• Solving operational statistics via a Bayesian analysis
• Mechanisms of collaboration in the hotel supply chain: two-stage ordering contract and option contract
• Optimal inventory management for a retail chain with diverse store demands
• Order quantities for style goods with two order opportunities and Bayesian updating of demand. Part I: no capacity constraints
• Order quantities for style goods with two order opportunities and Bayesian updating of demand. Part II: capacity constraints
• Peeling layers of an onion: Inventory model with multiple delivery modes and forecast updates.
• Determining the optimal decision time of relief allocation in response to disaster via relief demand updates
• Non-cooperative competition among revenue maximizing service providers with demand learning
• Style goods pricing with demand learning
• Supply chain structure and demand risk
• Initial Shipment Decisions for New Products at Zara
• Inventory management of a fast-fashion retail network
• Pricing and inventory strategies under quick response with strategic and myopic consumers
• Well adjusted: using expediting and cancelation to manage store replenishment inventory for a seasonal good
• Rolling-horizon replenishment: policies and performance analysis
• The impacts of dual overconfidence behavior and demand updating on the decisions of port service supply chain: a real case study from China
• Characterization of demand for short life-cycle technology products
• A multi-item newsvendor problem with preseason production and capacitated reactive production

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