Shelf Space Management When Demand Depends on the Inventory Level

Shelf Space Management When Demand Depends on the Inventory Level

Two factors that their influence on the demand has been investigated in many papers are (i) the shelf space allocated to a product and to its complement or supplement products and (ii) the instantaneous inventory level seen by customers. Here we analyze the joint shelf space allocation and inventory decisions for multiple items with demand that depends on both factors. The traditional approach ...

Optimal Production Management When Demand Depends on the Business Cycle

We assume that consumer demand for an item follows a Brownian motion with a drift that is modulated by a continuous-time Markov chain that represents the regime of the economy. The economy may be in either one of two regimes. The economy remains in one regime for a random amount of time that is exponentially distributed with rate λ1, and then moves to the other regime and remains there an expon...

A model for shelf space allocation and inventory control considering location and inventory level effects on demand

Shelf on which products are being displayed is one of the most important resources in retail environment. Retailers cannot only increase their profit but also decrease cost by proper management of shelf space allocation and products display. This paper addresses a problem of retailer who sells various brands of items through displaying on multi-level shelves. It is assumed that the level of she...

A Model for Fresh Produce Shelf-Space Allocation and Inventory Management with Freshness-Condition-Dependent Demand

A significant amount of work has investigated inventory control problems associated with fresh produce. Much of this work has considered deteriorating inventory control with many models having been proposed for the various situations that exist. However, no researchers have specifically studied fresh produce which has its own special characteristics. Most research categorise fresh produce into ...

Supply Chain Coordination when Demand Is Shelf-Space Dependent