Retail Analytics: Integrated Forecasting and Inventory Management for Perishable Products in Retailing
Retail Analytics: Integrated Forecasting and Inventory Management for Perishable Products in Retailing
Anna‐Lena Sachs
2014 · DOI: 10.1007/978-3-319-13305-8
2 Citations
TLDR
A data-driven approach is developed that integrates demand forecasting and inventory management for perishable products, while taking unobservable lost sales and substitution into account in out-of-stock situations and derives an optimal inventory policy for a multi-product setting.