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Fashion Supply Chain Inventory Optimization Models with Service Level and Lead Time Considerations

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Analytical Modeling Research in Fashion Business

Part of the book series: Springer Series in Fashion Business ((SSFB))

Abstract

We study in this paper the optimal inventory models in fashion supply chains with a controllable lead time and a service-level constraint. First, we review the analytical inventory model which assumes that the lead time can be divided into n parts, and the cost of compressing lead time has a linear relation with the lead time. Then, we examine the optimal quantity decisions in the fashion supply chain. Furthermore, extensive numerical analyses are conducted to generate important insights into the problem. Future research directions are discussed.

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Acknowledgments

This work was supported by the National Natural Science Foundation of China (no. 71102174 and 71372019), Beijing Higher Education Young Elite Teacher Project (no. YETP1173), Specialized Research Fund for Doctoral Program of Higher Education of China (no. 20111101120019), and Beijing Philosophy and Social Science Foundation of China (no. 11JGC106).

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Authors and Affiliations

  1. School of Management and Economics, Beijing Institute of Technology, No. 5 Zhongguancun South Street, Haidian District, Beijing, 100081, China

    Guo Li & Yu-chen Kang

  2. Center for Energy and Environmental Policy Research, Beijing Institute of Technology, Beijing, 100081, China

    Guo Li & Yu-chen Kang

  3. School of Economic and Management, Wuhan University, No. 299 Bayi Road, Hongshan District, Wuhan, Hubei, 430072, China

    Xu Guan

Authors
  1. Guo Li
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  2. Yu-chen Kang
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  3. Xu Guan
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Corresponding author

Correspondence to Guo Li .

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Editors and Affiliations

  1. Inst of Textiles & Clothing, Hong Kong Polytechnic Univ, Hung Hom, Hong Kong

    Tsan-Ming Choi

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Li, G., Kang, Yc., Guan, X. (2016). Fashion Supply Chain Inventory Optimization Models with Service Level and Lead Time Considerations. In: Choi, TM. (eds) Analytical Modeling Research in Fashion Business. Springer Series in Fashion Business. Springer, Singapore. https://doi.org/10.1007/978-981-10-1014-9_11

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