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Management of Seasonal Style-Goods Inventories

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  • Arunachalam Ravindran

    (Purdue University, Lafayette, Indiana)

Abstract

This paper develops an inventory model in which season length is specifically included as a variable for seasonal style goods under the assumption that the demands exhibit a simple contagion pattern, namely, the influence of past demands on future occurrence of demands. The paper first derives an s − S optimal order policy as a function of the selling season, then determines the optimal duration and timing of the selling season, and, finally includes an algorithm for computing the optimal season length.

Suggested Citation

  • Arunachalam Ravindran, 1972. "Management of Seasonal Style-Goods Inventories," Operations Research, INFORMS, vol. 20(2), pages 265-275, April.
    • Handle: RePEc:inm:oropre:v:20:y:1972:i:2:p:265-275
    DOI: 10.1287/opre.20.2.265
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    Cited by:

    1. Chun, Young H., 2003. "Optimal pricing and ordering policies for perishable commodities," European Journal of Operational Research, Elsevier, vol. 144(1), pages 68-82, January.
    2. Petruzzi, Nicholas & Monahan, George E., 2002. "Managing Fashion Goods Inventories:," Working Papers 02-0117, University of Illinois at Urbana-Champaign, College of Business.
    3. Ming Hu & Joseph Milner & Jiahua Wu, 2016. "Liking and Following and the Newsvendor: Operations and Marketing Policies Under Social Influence," Management Science, INFORMS, vol. 62(3), pages 867-879, March.

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