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Retail Category Management - Decision Support Systems for Assortment, Shelf Space, Inventory and Price Planning (Paperback, 2011)
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Retail Category Management - Decision Support Systems for Assortment, Shelf Space, Inventory and Price Planning (Paperback, 2011)
Series: Lecture Notes in Economics and Mathematical Systems, 656
Expected to ship within 10 - 15 working days
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Retail shelf management means cost-efficiently aligning retail
operations with consumer demand. As consumers expect high product
availability and low prices, and retailers are constantly
increasing product variety and striving towards high service
levels, the complexity of managing retail business and its
operations is growing enormously. Retailers need to match consumer
demand with shelf supply by balancing variety (number of products)
and service levels (number of items of a product), and by
optimizing demand and profit through carefully calibrated prices.
As a result the core strategic decisions a retailer must make
involve assortment sizes, shelf space assignment and pricing
levels. Rigorous quantitative methods have emerged as the most
promising solution to this problem. The individual chapters in this
book therefore focus on three areas: (1) combining assortment and
shelf space planning, (2) providing efficient decision support
systems for practically relevant problem sizes, and (3) integrating
inventory and price optimization into shelf management.
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