Clearance chain design: strategies selection and unsold inventory allocation

Rihab Mechmech, Slim Harbi, Atidel B. Hadj-Alouane and Sami Sboui

International Journal of Logistics Systems and Management, 2022, vol. 41, issue 1/2, 145-170

Abstract: The management of unsold inventory represents a significant issue for many retailers, wholesalers and manufacturers. Evaluating the various inventory clearance strategies, particularly in terms of business risk and performance represents a challenge that reaches well beyond the operational level. In this paper, a structured approach is developed to aid in the clearance chain decision-making process. The proposed approach uses the analytic hierarchy process (AHP) to select a clearance strategy with a focus on risk and performance indicators. AHP allows both quantitative and qualitative criteria to be considered. As for the unsold inventory allocation problem, a multi-objective optimisation method was adopted. The paper includes a discussion on managerial insights for clearance chain design where results give opportunities for future research.

Keywords: clearance chain; unsold inventory; ∈-constraint method; risk-performance criteria. (search for similar items in EconPapers)
Date: 2022
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Persistent link: https://EconPapers.repec.org/RePEc:ids:ijlsma:v:41:y:2022:i:1/2:p:145-170

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