We study a stationary, single-stage inventory system, under periodic review, with fixed ordering costs and multiple sales levers (such as pricing, advertising, etc.). We show the optimality of (s, S)-type policies in these settings under both the backordering and lost-sales assumptions. Our proof is novel, more direct and easier to understand than earlier ones. ∗Department of Industrial Enginee...

The marketing and operations management arms in a firm must work in coordination – marketing efforts to create demand go to waste if supply is suboptimal, and vice versa. However, achieving this coordination has remained a long-standing problem, because in most firms these units are managed in a decentralized manner. A major source of conflict is that marketing compensation is usually heavily w...

this paper introduces the general framework of a new system for material flow planning and operations and some of its important aspects. the justification for the new system stems from the short coming of mrp  i/mrp ii in term of its assumptions, particularly in relation to fixed lead times and effectively infinite production capacity. at the heart of the system is an automatic scheduler based ...

statistics and reports from the countries have strong film industry shows the impact of film industry growth, activities and services on national economics. development of this industry on the one hand providing dynamic employment and gdp growth and on the other hand influence indirectly on related industries such as the media and television, advertising, hardware and software industries, touri...

Enhancing sales and operations planning through forecasting analysis and business intelligence is demanded in many industries and enterprises. Publishing industries usually pick attractive titles and headlines for their stories to increase sales, since popular article titles and headlines can attract readers to buy magazines. In this paper, information retrieval techniques are adopted to extrac...

Sales forecasting is an important problem in fashion retail operations. In this paper, we propose a novel panel data based particle-filter (PDPF) model to conduct fashion sales forecasting. We evaluate the performance of proposed model in terms of sales quantity and color trend prediction by using real data from the fashion industry. The experimental results provide novel insights and practical...

We study stochastic inventory planning systems with lost sales and censored demand under stationary and non-stationary settings. Contrary to classical inventory theory, we assume that no knowledge of demand is initially available, and lost sales in each period are unobservable. We take a non-parametric approach and propose adaptive inventory policies that generate a sequence of ordering decisio...

  For any organization sound marketing strategy and quality assurance play vital role in the growth of the organization. The price, quality and service, service centers, friendly attitude, Discounts on sales, esthetics, store location and appearance, ease of operations, guarantees and warranties, adopting new ideas, and flexible payments terms were considered to study the perceptions of the res...