Inventory control policy for apparel retailing sector based on Kalman filter
Source abstract
Abstract
In order to help apparel retailers get accurate market information and make quick response to customers'demand,this paper suggests Kalman filter for forecasting and discusses related inventory control policies with different lead time and order cycle time.Meanwhile,simulation is carried out to compare the effect of different inventory control policies on the profit of an enterprise level under certain service level.The results indicate that under the replenishment mode with high-frequency and small quantity can bring more profits to an apparel retailer under certain service level.
Source: openalex_inverted_index · Quality: baseline
Research context
OpenAlex topics: Supply Chain and Inventory Management
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