A Specialized Inventory Problem in Banks: Optimizing Retail Sweeps

Optimizing Inventory Replenishment of Retail Fashion Products

We consider the problem of determining (for a short lifecycle) retail product initial and replenishment order quantities that minimize the cost of lost sales, back orders, and obsolete inventory. We model this problem as a two-stage stochastic dynamic program, propose a heuristic, establish conditions under which the heuristic finds an optimal solution, and report results of the application of ...

The Geography of Retail Inventory

Retailer Banks the Future of Retail Banking ?

Less than twenty years ago there was a clear-cut borderline between retailing and banking, but after the deregulation of the financial markets this line is not as evident and definite any longer. In combination with far-reaching innovations and advancements within the field of information technology the deregulation has paved the way for the development and launching of new banking formats. Thi...

A Taxonomy of Retail Banks’ Delivery System Strategies

This paper presents the results of an empirical study of delivery patterns for typical banking products. The study is based on a national sample survey of 117 United States retail banks. The paper uses clustering techniques to identify general "strategic groups" of retail banks. Each group is characterized by a distinctive type of service delivery system design strategy. Note: Paper presented t...

Retail Inventory Productivity: Analysis and Benchmarking

Retail inventory productivity is of considerable interest to retailers, manufacturers and distributors who service them, and stock market analysts. Inventory turnover is frequently used to measure inventory productivity. We find wide variation in inventory turnover across retailers and over time. The causes of this variation have not been studied systematically to our knowledge. We develop a lo...