Author: | Smith, S. Agrawal, N. |
Title: | Management of multi-item retail inventory systems with demand substitution |
Journal: | Operations Research
2000 : JAN-FEB, VOL. 48:1, p. 50-64 |
Index terms: | OPERATIONAL RESEARCH RETAILING PLANNING |
Language: | eng |
Abstract: | Customers fro retail merchandise can often be satisfied with one of several items. Accounting for demand substitution in defining customer service influences the choice of items to stock and the optimal inventory level for each item stocked. Further, when certain items are not stocked, the resulting substitutions increase the demand for other items, which also affects the optimal stock levels. |
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