Optimal pricing and inventory decisions for fashion retailers under value-at-risk objective : applications and review

C.H. Chiu; J.H. Zheng; Tsan Ming Choi

doi:10.4018/978-1-60960-756-2.ch005

Optimal pricing and inventory decisions for fashion retailers under value-at-risk objective : applications and review

C.H. Chiu, J.H. Zheng, Tsan Ming Choi

The Hong Kong Polytechnic University

Research output: Chapter in book / Conference proceeding › Chapter in an edited book (as author) › Academic research

Abstract

Motivated by the popularity of Value-at-Risk (VaR) objective in finance, this chapter reviews and studies its application in fashion retail operations management. First, a formal optimization model is reviewed in which the fashion retailer aims at optimizing a VaR objective with both pricing and inventory decisions. Second, the detailed solution schemes are explored. Third, numerical examples are included to illustrate applications of the proposed models. Fourth, the performance of pure buyback contract and pure wholesale pricing contract in enhancing supply chain efficiency is examined. Insights are generated and future research directions are outlined.

Original language	English
Title of host publication	Fashion supply chain management : industry and business analysis
Publisher	Business Science Reference/IGI Global
Pages	100-109
Number of pages	10
ISBN (Electronic)	9781609607579
ISBN (Print)	9781609607562, 9781609607586
DOIs	https://doi.org/10.4018/978-1-60960-756-2.ch005
Publication status	Published - 2012

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10.4018/978-1-60960-756-2.ch005

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Optimal pricing and inventory decisions for fashion retailers under value-at-risk objective : applications and review. / Chiu, C.H.; Zheng, J.H.; Choi, Tsan Ming.
Fashion supply chain management : industry and business analysis. Business Science Reference/IGI Global, 2012. p. 100-109.

Research output: Chapter in book / Conference proceeding › Chapter in an edited book (as author) › Academic research

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Optimal pricing and inventory decisions for fashion retailers under value-at-risk objective : applications and review

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