Retail Category Management: Decision Support Systems for Assortment, Shelf Space, Inventory and Price Planning

Hubner, Alexander

ISBN 10: 3642224768 / ISBN 13: 9783642224768

Published by Springer Verlag, 2011

About this Item

2011 edition. 177 pages. 8.75x5.75x0.25 inches. In Stock.

Seller Inventory # x-3642224768

Bibliographic Details

• Title: Retail Category Management: Decision Support Systems for Assortment, Shelf Space, Inventory and Price Planning
• Publisher: Springer Verlag
• Publication Date: 2011
• Language: English
• ISBN 10: 3642224768
• ISBN 13: 9783642224768
• Binding: Paperback
• Condition: Brand New
• Weight: 0.35 kilograms

About this title

Synopsis

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.