A retail category management model integrating shelf space and inventory levels
A retail category management model that considers the interplay of optimal product assortment decisions, space allocation and inventory quantities is presented in this paper. Specifically, the proposed model maximizes the total net profit in terms of decision variables expressing product assortment,...
| Main Authors: | , , |
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| Format: | Journal Article |
| Published: |
ORSS
2009
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| Online Access: | http://hdl.handle.net/20.500.11937/14739 |
| _version_ | 1848748703923306496 |
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| author | Ramaseshan, Balasubramanian Achuthan, Narasimaha Collinson, Roger |
| author_facet | Ramaseshan, Balasubramanian Achuthan, Narasimaha Collinson, Roger |
| author_sort | Ramaseshan, Balasubramanian |
| building | Curtin Institutional Repository |
| collection | Online Access |
| description | A retail category management model that considers the interplay of optimal product assortment decisions, space allocation and inventory quantities is presented in this paper. Specifically, the proposed model maximizes the total net profit in terms of decision variables expressing product assortment, shelf space allocation and common review period. The model takes into consideration several constraints such as the available shelf space, backroom inventory space, retailer's financial resources, and estimates of rate of demand for products based on shelf space allocation and competing products. The review period can take any values greater than zero. Results of the proposed model were compared withthe results of the current industry practice for randomly generated product assortments of size six, ten and fourteen. The model also outperformed the literature benchmark. The paper demonstrates that the optimal common review period is flexible enough to accommodate the administrative restrictions of delivery schedules for products, without significantly deviating from the optimal solution. |
| first_indexed | 2025-11-14T07:09:16Z |
| format | Journal Article |
| id | curtin-20.500.11937-14739 |
| institution | Curtin University Malaysia |
| institution_category | Local University |
| last_indexed | 2025-11-14T07:09:16Z |
| publishDate | 2009 |
| publisher | ORSS |
| recordtype | eprints |
| repository_type | Digital Repository |
| spelling | curtin-20.500.11937-147392019-02-19T05:34:54Z A retail category management model integrating shelf space and inventory levels Ramaseshan, Balasubramanian Achuthan, Narasimaha Collinson, Roger Category management product assortments optimal shelf space allocation A retail category management model that considers the interplay of optimal product assortment decisions, space allocation and inventory quantities is presented in this paper. Specifically, the proposed model maximizes the total net profit in terms of decision variables expressing product assortment, shelf space allocation and common review period. The model takes into consideration several constraints such as the available shelf space, backroom inventory space, retailer's financial resources, and estimates of rate of demand for products based on shelf space allocation and competing products. The review period can take any values greater than zero. Results of the proposed model were compared withthe results of the current industry practice for randomly generated product assortments of size six, ten and fourteen. The model also outperformed the literature benchmark. The paper demonstrates that the optimal common review period is flexible enough to accommodate the administrative restrictions of delivery schedules for products, without significantly deviating from the optimal solution. 2009 Journal Article http://hdl.handle.net/20.500.11937/14739 10.1142/S0217595909002304 ORSS fulltext |
| spellingShingle | Category management product assortments optimal shelf space allocation Ramaseshan, Balasubramanian Achuthan, Narasimaha Collinson, Roger A retail category management model integrating shelf space and inventory levels |
| title | A retail category management model integrating shelf space and inventory levels |
| title_full | A retail category management model integrating shelf space and inventory levels |
| title_fullStr | A retail category management model integrating shelf space and inventory levels |
| title_full_unstemmed | A retail category management model integrating shelf space and inventory levels |
| title_short | A retail category management model integrating shelf space and inventory levels |
| title_sort | retail category management model integrating shelf space and inventory levels |
| topic | Category management product assortments optimal shelf space allocation |
| url | http://hdl.handle.net/20.500.11937/14739 |