Asset Details
Do you wish to reserve the book?
An integrated optimization model and metaheuristics for assortment planning, shelf space allocation, and inventory management of perishable products: A real application
Hey, we have placed the reservation for you!
By the way, why not check out events that you can attend while you pick your title.
Oops! Something went wrong.
Looks like we were not able to place the reservation. Kindly try again later.
Are you sure you want to remove the book from the shelf?
An integrated optimization model and metaheuristics for assortment planning, shelf space allocation, and inventory management of perishable products: A real application
Do you wish to request the book?
An integrated optimization model and metaheuristics for assortment planning, shelf space allocation, and inventory management of perishable products: A real application
Please be aware that the book you have requested cannot be checked out. If you would like to checkout this book, you can reserve another copy
We have requested the book for you!
Your request is successful and it will be processed during the Library working hours. Please check the status of your request in My Requests.
Oops! Something went wrong.
Looks like we were not able to place your request. Kindly try again later.
Journal Article
An integrated optimization model and metaheuristics for assortment planning, shelf space allocation, and inventory management of perishable products: A real application
2022
Overview
Product category management (PCM) plays a pivotal role in today’s large stores. PCM manages to answer questions such as assortment planning (AP) and shelf space allocation (SSA). AP problem seeks to determine a list of products and suppliers, while SSA problem tries to design the layout of the selected products in the available shelf space. These problems aim to maximize the retailer sales under different constraints, such as limited purchasing budget, limited space of classes for displaying the products, and having at least a certain number of suppliers. This paper makes an attempt to develop an integrated mathematical model to optimize integrated AP, SSA, and inventory control problem for the perishable products. The objective of the model is to maximize the sales and retail profit, considering the costs of supplier contracting/selecting and ordering, assortment planning, holding, and procurement cost. GAMS BARON solver is hired to solve the proposed model in small and medium scales. However, because the problem is NP-hard, an evolutionary genetic algorithm (GA), and an efficient local search vibration damping optimization (VDO) algorithm are proposed. A real case study is considered to evaluate the effectiveness and capabilities of the model. Besides, some test problems of different sizes are generated and solved by the proposed metaheuristic solvers to confirm the efficient performance of proposed algorithms in solving large-scale instances.
Publisher
Public Library of Science,Public Library of Science (PLoS)
Subject
