Analytical Modeling Research in Fashion Business

274 Pages·2016·3.85 MB·English

by  Tsan-Ming C. (Ed.)

Springer Series in Fashion Business
Tsan-Ming Choi Editor
Analytical Modeling
Research in
Fashion Business
Springer Series in Fashion Business
Series editor
Tsan-MingChoi,TheHongKongPolytechnicUniversity,HungHom,HongKong
More information about this series at http://www.springer.com/series/15202
Tsan-Ming Choi
Editor
Analytical Modeling
Research in Fashion
Business
123
Editor
Tsan-MingChoi
Institute of Textiles andClothing
TheHong Kong Polytechnic University
Hung Hom
Hong Kong
ISSN 2366-8776 ISSN 2366-8784 (electronic)
SpringerSeries inFashionBusiness
ISBN978-981-10-1012-5 ISBN978-981-10-1014-9 (eBook)
DOI 10.1007/978-981-10-1014-9
LibraryofCongressControlNumber:2016938408
©SpringerScience+BusinessMediaSingapore2016
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Preface
The fashion industry is one of the most important industries in the world.
Traditionalstudiesandresearchonfashionbusinessaremostlyempiricalinnature,
e.g., case studies and empirical analyses. However, with the development of the
“fashion business” field of studies and the need for deeper theoretical foundations,
anexpansionofresearchmethodologyisnaturallyneeded.Infact,nowadays,there
are more and more related publications which employ an analytical approach in
conducting theoretical and applied research in fashion business.
However, in the literature, there is no comprehensive reference source that
provides the state-of-the-art findings on both theoretical and applied analytical
research related to fashion business. It is thus significant to put together some
interestingworksandtherespectiveinsightsintoaneditedvolume.Tobespecific,
this handbook consists of three important parts which include: (i) reviews and
discussions, (ii) theoretical economics models, (iii) engineering models, applica-
tions, and cases. The specific topics covered include the following:
– Introduction to analytical modeling research in fashion business.
– Analytical modeling research methodologies in fashion business operations
management.
– Consumer returns in fashion retailing.
– The role of quick response strategies in accelerating fashion sales.
– Using mixed channels for fashion apparel retailing.
– Vendor-managed inventory partnerships with markdown money supply
contracts.
– Inventory management in fashion retailing with a random supply.
– Optimal fashion sourcing, quotation and in-house production decisions.
– Distribution, transshipment, and sustainable logistics management for fashion
business.
v
vi Preface
– Order-picking systems by third-party logistics service providers for fashion
firms.
– Inventory control with service level and lead time considerations.
– An analytic hierarchy process (AHP) scheme for enhancing fashion sales
forecasting.
As a researcher who has conducted analytical modeling research in fashion
business myself over the past two decades, I am very pleased to see that this
handbook contains new discussions on research methodologies, and important
research findings and insights, which contribute significantly to the literature and
help advance both applied and academic research in fashion business.
Before closing, I would like to take this opportunity to thank William Achauer
(Bill) of Springer for his constructive advice along the course of carrying out this
important book project, and his kind support for the establishment of Springer’s
Book Series in Fashion Business. I am indebted to all the authors who have con-
tributed their interesting research to this handbook, and the anonymous reviewers
who have provided timely and helpful reviews to the papers. I am also thankful to
my research team members Hau-Ling Chan, Shu Guo, and Shuyun Ren for their
assistance. Last but not least, I would like to dedicate this book to my parents and
my family.
Hung Hom, Hong Kong Tsan-Ming Choi
December 2015
Contents
Part I Reviews and Discussions
1 Analytical Modeling Research in Fashion Business:
An Introduction. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 3
Tsan-Ming Choi
2 Analytical Modeling Research Methodologies for Fashion
Business Operations Management. . . . . . . . . . . . . . . . . . . . . . . . . 15
Tsan-Ming Choi
3 A Review: Customer Returns in Fashion Retailing . . . . . . . . . . . . 31
Mack A. Diggins, Chen Chen and Jing Chen
Part II Theoretical Economic Models
4 The Role of Quick Response in Accelerating Sales
of Fashion Goods. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 51
Alejandro Lago, Victor Martínez-de-Albéniz, Philip Moscoso
and Andreu Vall
5 Mixed Channels for Apparel Sales . . . . . . . . . . . . . . . . . . . . . . . . 79
Xiaowei Zhu, Samar K. Mukhopadhyay and Xiaohang Yue
6 Impacts of Vendor-Managed Strategic Partnership on Fashion
Supply Chains with Markdown Money Policy. . . . . . . . . . . . . . . . 101
Bin Shen, Rongrong Qian and Vincent Quan
7 Fashion-Retailing Inventory Management
with Random Supply. . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 115
Qingying Li, Ciwei Dong and Ruixin Zhuang
vii
viii Contents
Part III Engineering Models, Applications and Cases
8 Tales of a Fashion So(u)rcerer: Optimal Sourcing,
Quotation, and In-House Production Decisions . . . . . . . . . . . . . . . 129
Tarkan Tan and Osman Alp
9 Distribution, Transshipment, and Sustainable Logistics
for Fashion Products . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 155
Zhi-Hua Hu
10 Design of Order-Picking System and Selecting Picking Strategies
in a 3PL Firm for Serving Fashion Retailing Companies. . . . . . . . 197
Aysenur Can and Feyzan Arikan
11 Fashion Supply Chain Inventory Optimization Models
with Service Level and Lead Time Considerations. . . . . . . . . . . . . 237
Guo Li, Yu-chen Kang and Xu Guan
12 An AHP-Based Scheme for Sales Forecasting in the Fashion
Industry . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 251
Ying Zhang, Chunnan Zhang and Yu Liu
Index . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 269
Contributors
Osman Alp Haskayne School of Business, University of Calgary, Calgary, AB,
Canada
Feyzan Arikan Industrial Engineering Department, Faculty of Engineering, Gazi
University, Maltepe, Ankara, Turkey
Aysenur Can Industrial Engineering Department, Faculty of Engineering, Gazi
University, Maltepe, Ankara, Turkey
ChenChen RoweSchoolofBusiness,DalhousieUniversity,Halifax,NS,Canada
Jing Chen Rowe School of Business, Dalhousie University, Halifax, NS,Canada
Tsan-MingChoi BusinessDivision,InstituteofTextilesandClothing,TheHong
Kong Polytechnic University, Kowloon, Hong Kong
Mack A. Diggins Rowe School of Business, Dalhousie University, Halifax, NS,
Canada
Ciwei Dong School of Business Administration, Zhongnan University of
Economics and Law, Wuhan, China
Xu Guan School of Economic and Management, Wuhan University, Wuhan,
Hubei, China
Zhi-HuaHu LogisticsResearchCenter,ShanghaiMaritimeUniversity,Shanghai,
China
Yu-chen Kang School of Management and Economics, Beijing Institute of
Technology, Beijing, China; Center for Energy and Environmental Policy
Research, Beijing Institute of Technology, Beijing, China
Alejandro Lago IESE Business School, University of Navarra, Barcelona, Spain
ix