Title:
Modeling and optimization of the omnichannel retailing problem
Modeling and optimization of the omnichannel retailing problem
Author(s)
Kolyaei, Maryam
Zhang, Lele
Anjomshoa, Hamideh
Zhang, Lele
Anjomshoa, Hamideh
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Abstract
In this Paper, we focus on a problem faced by an omnichannel retailer that operates multiple stores and a fulfillment center. The retailer sells products to customers over a selling horizon of the period through online and physical channels. This study aims to determine the joint tactical and operational decisions on fulfillment optimization and inventory management services in an integrated model. The multi-period horizon in our model allows more realistic planning, where various decisions can be taken at different periods. Besides, our model considers the lost-demand sale to reflect the actual sale. The proposed model helps omnichannel retailers to have an integrated tool for inventory management and fulfillment service with real-time monitoring the inventory levels across locations.
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Date Issued
2023-06
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Text
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Paper