Analytical Modeling Research in Fashion Business by Tsan-Ming Choi

By Tsan-Ming Choi

This ebook comprises either theoretical effects and alertness instances of analytical modeling established examine on the topic of the style and cloth company. It responds to demands deeper theoretical foundations as a selection of analysis technique in a box that has to this point typically depended on case reports and empirical research. even supposing there are progressively more comparable courses which hire an analytical process in carrying out theoretical and utilized learn within the model and cloth company, this publication fills a necessary hole via offering a accomplished reference resource that introduces the method and offers cutting-edge findings at the subject. masking a big and well-established undefined, Analytical Modeling study in style Business is a pioneering textual content and crucial interpreting for researchers and practitioners within the style and textiles alike.

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Oper Res 60 (6):1404–1422 Carter CR, Sanders NR, Dong Y (2008) Paradigms, revolutions, and tipping points: the need for using multiple methodologies within the field of supply chain management. Journal of Operations Management 26:693–696 Chiu CH, Choi TM, Tang CS (2011) Price, rebate, and returns supply contracts for coordinating supply chains with price dependent demands. Prod Oper Manage 20(1):81–91 Choi TM (2007) Pre-season stocking and pricing decisions for fashion retailers with multiple information updating.

As a formal research study, it is also important to check the literature and identify related models and applications. Last but not least, data collection and management is very critical. In fact, for engineering analytical modeling research, data are the lifeblood as it directly drives the model development, the analysis, the testing, and also the implementation of the optimization tool. Poor data management will ruin everything. In the fashion industry, since not many companies are familiar with scientific operations management tools (see Raman 1999), we cannot take for granted that high-quality data are available.

In the literature, there are many studies employing the engineering analytical modeling research framework. For instance, Fisher et al. (2001) explore the optimal inventory replenishment policy for fashion retailing. 3 The steps included in the economic analytical modeling research framework Steps Key activities Fashion business specific remarks 1. Formulating the problem Focus on the real company problem and scenario 2. Constructing the analytical model Consider the most realistic optimization model.

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