Fashion Retail Supply Chain Management: A Systems Optimization Approach, 1st Edition (Paperback) book cover

Fashion Retail Supply Chain Management

A Systems Optimization Approach, 1st Edition

By Tsan-Ming Choi

CRC Press

122 pages

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Description

Fashion Retail Supply Chain Management: A Systems Optimization Approach is a comprehensive reference source that provides the state-of-the-art findings on many important emerging research issues related to retail supply chain management and optimization problems. The book takes an explicit systems approach, and discusses retailled fashion supply chain coordination mechanisms and consumer market informationdriven fashion retail supply chain models, as well as suggesting future research avenues.

This volume will be of interest not only to those involved in the fashion industry, but also to academics and practitioners in the wider fields of business, manufacturing engineering, systems engineering and supply chain management.

Table of Contents

Editorial board

Preface

About the author

1 Fashion retail supply chain management –An introduction

1.1 What is fashion retail supply chain management?

1.2 Overview of this book

References

2 Customer service management in fashion retail supply chains

2.1 Introduction

2.2 Quantitative customer service performance measures

2.3 Retail service quality scale

2.3.1 Conceptual model and related studies

2.3.2 The RSQS based systems optimization model

2.3.3 Numerical example

2.3.4 Numerical sensitivity analysis

2.4 Conceptual framework: Deming’s Quality Management Framework

2.5 Conclusion

References

Appendix: Tables of the numerical analysis

3 Inventory models and coordination in fashion retail supply chains

3.1 Introduction

3.2 The EOQ model-based retail inventory problem

3.2.1 An illustrative example

3.2.2 Optimal inventory decisions and ordering frequency

3.2.3 Numerical example

3.3 The newsvendor model-based retail inventory problem

3.3.1 An illustrative fast fashion retailing example

3.3.2 Profit maximization model

3.3.3 A numerical example

3.3.4 Remarks

3.4 Coordination in fashion retail supply chain systems

3.4.1 EOQ model based inventory planning

3.4.2 Newsvendor model-based inventory planning

3.5 Sensitivity analysis

3.5.1 The EOQ-based model

3.5.2 The newsvendor problem-based model

3.6 Conclusion

References

Appendix: Tables of the numerical analysis

4 Efficient consumer response in fashion retail supply chain systems

4.1 Introduction

4.2 Basic analytical model

4.3 Profit analysis for the fashion retailer

4.4 All-win situation

4.5 Supply chain coordination

4.6 Numerical analysis

4.7 Conclusion

References

Appendix: Tables of the numerical analysis

5 New product selection in fashion retail supply chains

5.1 Introduction

5.2 Basic model

5.3 Analysis: Scenario one

5.4 Analysis: Scenario two

5.5 Numerical analysis

5.5.1 Scenario one

5.5.2 Scenario two

5.6 Conclusion

References

Appendix: Tables of the numerical analysis

6 Mean-risk analysis for fashion retail supply chain information systems projects

6.1 Introduction

6.2 Problem formulation

6.3 Mean-variance analysis

6.3.1 Model details

6.3.2 Example 1

6.3.3 Example 2

6.4 Mean-semi-variance approach

6.5 Safety-first objective

6.6 Information system portfolio

6.7 Conclusion

References

7 Fashion retail supply chain management – Concluding remarks

7.1 Managerial insights

7.2 Future research directions

References

Subject index

About the Author

Dr. Tsan-Ming Choi (Jason) is currently an Associate Professor in Fashion Business at The Hong Kong Polytechnic University. Over the past few years, he has actively participated in a variety of research projects on supply chain management and applied optimization. He has authored/edited ten books and guest-edited twelve special issues for various leading journals on related topics. He has published over 100 papers in peer-refereed academic journals such as Annals of Operations Research, Automatica, Computers and Operations Research, Decision Support Systems, European Journal of Operational Research, IEEE Transactions on Automatic Control, IEEE Transactions on Automation Science and Engineering, IEEE Transactions on Industrial Informatics, IEEE Transactions on Systems, Man, and Cybernetics (Parts A, B, C; Systems), International Journal of Production Economics, International Journal of Production Research, Journal of the Operational Research Society, Omega, Production and Operations Management, Service Science (INFORMS Journal), Supply Chain Management, Textile Research Journal, Tourism Management, Transportation Research, etc. He is currently an area editor/associate editor/guest editor of Annals of Operations Research, Asia-Pacific Journal of Operational Research, Decision Sciences, Decision Support Systems, European Management Journal, IEEE Transactions on Systems, Man, and Cybernetics - Systems, Information Sciences, Journal of Fashion Marketing and Management, Journal of the Operational Research Society, Production and Operations Management, and various other operations management and information systems journals. He is also an executive committee member of professional organizations such as IEEE-SMC (HK) and POMS (HK). He received the President's Award for Excellent Achievement of The Hong Kong Polytechnic University in November, 2008 (the most prestigious award for a faculty member at the university level). He is a member of various internationally renowned professional organizations such as IEEE, INFORMS, ITAA, and POMS.

About the Series

Communications in Cybernetics, Systems Science and Engineering

Communications in Cybernetics, Systems Science and Engineering is a cross-disciplinary book series devoted to theoretical and applied research contributions to cybernetics, systems science and engineering. The series aims to publish the highest quality monographs and edited volumes on the most recent advances and innovative applications in the relevant areas of investigation, catering to a rapidly growing worldwide interest in a cybernetic and systemic methodology with an ever-increasing capacity to deal with new challenges in a way that traditional science cannot. The CCSSE series aims to become a comprehensive theoretical, practical, international, multi- and interdisciplinary database of, reference work on and guide to issues in these fields of research and the strategies required for better implementation in the context of environmental protection and sustainable social and economic development. Communications in Cybernetics, Systems Science and Engineering aims at all working in the theoretical and applied fields of cybernetics, systems science and engineering, e.g. academics, researchers and consultants in cybernetics and systems, computer and information scientists, development and systems engineers, mathematicians, librarians, management cyberneticists and systemists, medical scientists, educators, and intelligent and manufacturing engineers in industry. It will also be of interest to leading decision- and policy-makers.

EDITORIAL BOARD
Michael C. Jackson, University of Hull, UK
Jerzy Jozefczyk, Wroclaw University of Technology, Poland
Doncho Petkov, Eastern Connecticut State University, USA
Vladimir Tsurkov, Russian Academy of Sciences, Russia
Shouyang Wang, Chinese Academy of Sciences, P.R. China

FIELDS COVERED
The principal areas covered by the Communications in Systems Science and Engineering series include, but are not limited to:
1) All fields of systems research, cybernetics and the interdisciplinary study of cybernetics and systems in the widest sense, such as: Artificial intelligence • Automation and robotics • Biocybernetics • Complex and fuzzy systems • Computer simulation • Cross-disciplinary problem-solving • Cybernetics/systems analysis modeling and simulation • Ecosystems • Information theories • Interrelations  between cybernetics/systems and other sciences • Management cybernetics and systems (including soft systems methodology, Ackoff’s interactive planning, Churchman’s theory of inquiring systems, and other approaches) • Natural language • Philosophy of cybernetics and systems • Theoretical and experimental knowledge of various categories of systems, such as adaptive, anticipatory, autopoietic, cellular, chaotic, dynamic, economic and social, hierarchical, immune-like, intelligent, knowledge-based, learning, neural, quantum, self-organizational, self-producing and self-referential;

2) All areas of systems engineering and the spectrum of engineering activity, decision-making, management of products and services, and processes of all types. Focused on comprehensive approaches to practical applications and developments of "hard" and "soft" systems and cybernetic methodologies, including, but not limited to: Cognitive ergonomics • Conceptual architecture • Configuration management during system development • Decision-making • Environmental policy • Human-machine interaction • Identification of user requirements and technological specifications • Integration of new systems with legacy systems • Integrated product and process development • Issue formulation analysis and modeling • Modeling of uncertainty, maintenance over an extended lifecycle and re-engineering of systems • Multicriteria decision-making • Numerical simulation and qualitative modeling of complex systems • Risk assessment and safety • Sustainable development • System identification, operational test and evaluation • Systems analysis, engineering processes and methods such as optimization, modeling and simulation • Trade-off of design concepts.

ADVISORY EDITORIAL BOARD
C.L. Philip Chen, University of Macau, P.R. China
Zengru Di, Beijing Normal University, P.R. China
Raul Espejo, Syncho Ltd. and World Organization of Systems and Cybernetics, UK
Keith W. Hipel, University of Waterloo, Canada
Baoding Liu, Tsinghua University, China
Nagendra Nagarur, State University of New York at Binghamton, USA
John Pourdehnad, University of Pennsylvania, USA
Brian Howard Rudall, Institute of the World Organisation of Systems and Cybernetics and Bangor University, UK
Rudolf Scheidl, Johannes Kepler University of Linz, Austria
Markus Schwaninger, Institute of Management, University of St. Gallen, Switzerland

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Subject Categories

BISAC Subject Codes/Headings:
BUS076000
BUSINESS & ECONOMICS / Purchasing & Buying
TEC009000
TECHNOLOGY & ENGINEERING / Engineering (General)
TEC009020
TECHNOLOGY & ENGINEERING / Civil / General
TEC055000
TECHNOLOGY & ENGINEERING / Textiles & Polymers