Short term replenishment method for short lifecycle goods

Author

Goto, H. ; Tanaka, M. ; Kasahara, M.

Author_Institution

Dept. of Manage. & Inf. Syst. Sci., Nagaoka Univ. of Technol., Nagaoka

fYear

2008

fDate

21-24 Sept. 2008

Firstpage

1088

Lastpage

1093

Abstract

This paper proposes a replenishment method suitable for short lifecycle products whose demand is strongly dependent on day of the week. Regarding application industries, we focus on retailers such as $1 stores or convenience stores, most of which have small spaces for display but the number of items is significantly large. The proposed method is advantageous since it can also be applicable for newly introduced products.

Keywords

demand forecasting; finished goods inventory; regression analysis; retailing; stock control; demand prediction; inventory control; linear regression model; short lifecycle goods; short term replenishment method; Engineering management; Information management; Inventory control; Inventory management; Linear regression; Management information systems; Marketing and sales; Parameter estimation; Predictive models; Technology management; Short lifecycle; demand prediction; dependency on day of the week; inventory control; linear regression model;

fLanguage

English

Publisher

ieee

Conference_Titel

Management of Innovation and Technology, 2008. ICMIT 2008. 4th IEEE International Conference on

Conference_Location

Bangkok

Print_ISBN

978-1-4244-2329-3

Electronic_ISBN

978-1-4244-2330-9

Type

conf

DOI

10.1109/ICMIT.2008.4654520

Filename

4654520