Analytical Modeling Research in Fashion Business PDF
Preview Analytical Modeling Research in Fashion Business
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 Thisworkissubjecttocopyright.AllrightsarereservedbythePublisher,whetherthewholeorpart of the material is concerned, specifically the rights of translation, reprinting, reuse of illustrations, recitation, broadcasting, reproduction on microfilms or in any other physical way, and transmission orinformationstorageandretrieval,electronicadaptation,computersoftware,orbysimilarordissimilar methodologynowknownorhereafterdeveloped. The use of general descriptive names, registered names, trademarks, service marks, etc. in this publicationdoesnotimply,evenintheabsenceofaspecificstatement,thatsuchnamesareexemptfrom therelevantprotectivelawsandregulationsandthereforefreeforgeneraluse. The publisher, the authors and the editors are safe to assume that the advice and information in this book are believed to be true and accurate at the date of publication. Neither the publisher nor the authorsortheeditorsgiveawarranty,expressorimplied,withrespecttothematerialcontainedhereinor foranyerrorsoromissionsthatmayhavebeenmade. Printedonacid-freepaper ThisSpringerimprintispublishedbySpringerNature TheregisteredcompanyisSpringerScience+BusinessMediaSingaporePteLtd. 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
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