Conclusions

Anna-Lena Sachs
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Anna-Lena Sachs: University of Cologne

Chapter Chapter 7 in Retail Analytics, 2015, pp 103-105 from Springer

Abstract: Abstract Point-of-sale scanner systems collect large amounts of data that can be used to make better informed decisions. The present work shows how available information such as selling prices and the timing of sales occurrences can be leveraged to better align supply and demand with retail analytics. For this purpose, we have collected data from a large European retail chain. We develop several models to improve stocking decisions and to analyze decision-making in the real world.

Keywords: Order Quantity; Optimal Order Quantity; Customer Arrival; Service Level Constraint; Order Decision (search for similar items in EconPapers)
Date: 2015
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Persistent link: https://EconPapers.repec.org/RePEc:spr:lnechp:978-3-319-13305-8_7

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DOI: 10.1007/978-3-319-13305-8_7

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