Session Detail Information
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Cluster :  Manufacturing & Service Operations Management

Session Information  : Sunday Nov 09, 11:00 - 12:30

Title:  Retail Operations
Chair: Zumbul Atan,Eindhoven University of Technology, School of Industrial Engineering, Eindhoven, Netherlands, Z.Atan@tue.nl

Abstract Details

Title: Understanding the Risks and Benefits of Radio Frequency Identification (RFID) in Managing a Seasonal
 Presenting Author: Ozgen Karaer,Assistant Professor, Middle East Technical University, Department of Industrial Engineering, Universiteler Mah. Dumlupinar Bulvari #1, Ankara 06800, Turkey, okaraer@metu.edu.tr
 
Abstract: Achieving inventory record accuracy through RFID (Radio Frequency Identification Technology) facilitates correct replenishment in a retail environment, which is expected to increase sales. We study the RFID impact on in-season management of a retailer of a seasonal product. We demonstrate how inventory discrepancy could hurt the retailer's revenue and quantify the value of RFID in this respect. We also study an imperfect RFID scenario to show it could adversely affect the benefits.
  
Title: An Efficient Algorithm for Capacitated and Stochastic Assortment Planning
 Presenting Author: Alexander Huebner,Professor, Catholic University, Auf der Schanz 49, Ingolstadt 85049, Germany, Alexander.Huebner@ku.de
 Co-Author: Sandro Kuehn,Catholic University Eichstaett-Ingolstadt, Auf der Schanz 49, Ingolstadt 85049, Germany, sandro.kuehn@ku.de
 Heinrich Kuhn,Professor, Catholic University Eichstätt-Ingolstadt, Auf der Schanz 49, Ingolstadt, Germany, heinrich.kuhn@ku.de
 
Abstract: Increasing product variety in the retail trade is in conflict with the limited shelf space. We identify the underlying category planning problems and formulate a Newsboy-based capacitated assortment problem with stochastic demand and substitution. We develop an epsilon-exact procedure which is capable of solving problem instances of practical relevance. The numerical analyses show that out-of-assortment and out-of-stock substitution effects have a significant impact on profit and solution.
  
Title: Effect of Shelf Capacity on Backroom Operations
 Presenting Author: Nesim K. Erkip,Bilkent University, Department of IE, Ankara 06800, Turkey, nesim@bilkent.edu.tr
 Co-Author: Zumbul Atan,Eindhoven University of Technology, School of Industrial Engineering, Eindhoven, Netherlands, Z.Atan@tue.nl
 
Abstract: Most retailers use backrooms as extra storage space. Backrooms are necessary when inventories do not fit to the available shelf space. Excess inventories are placed to the backrooms and used to satisfy customer orders when shelf inventory is depleted. We study a retailer with limited shelf capacity. Assuming a continuous review (r,q) policy with a given q, we investigate the optimal reorder level when unsatisfied customer demands are lost or backordered.
  
Title: Inventory Control with Shelf Space Consideration
 Presenting Author: Zumbul Atan,Eindhoven University of Technology, School of Industrial Engineering, Eindhoven, Netherlands, Z.Atan@tue.nl
 Co-Author: Nesim K. Erkip,Bilkent University, Department of IE, Ankara 06800, Turkey, nesim@bilkent.edu.tr
 Jan C. Fransoo,Professor, Eindhoven University of Technology, School of Industrial Engineering, PO Box 513, Pav F4, Eindhoven 5223 GV, Netherlands, j.c.fransoo@tue.nl
 Tom Van Woensel,Professor, Eindhoven University of Technology, Den Dolech 2, Eindhoven 5612AZ, Netherlands, t.v.woensel@tue.nl
 
Abstract: We consider a retailer with limited shelf space. Assuming continuous restocking from a backroom, we study retailer’s optimal replenishment decisions and the optimal shelf capacity. The main determinants of the optimal solutions are investigated through sensitivity analysis.