Fashion Supply Chain Management Through Cost and Time Minimization from a Network Perspective

FASHION SUPPLY CHAIN MANAGEMENT: INDUSTRY AND BUSINESS ANALYSIS, Jason Choi, ed., IGI Global, Hershey, PA, Forthcoming

26 Pages Posted: 25 Aug 2010 Last revised: 5 Sep 2010

See all articles by Anna Nagurney

Anna Nagurney

University of Massachusetts Amherst - Isenberg School of Management - Department of Operations and Information Management

Min Yu

University of Portland - Dr. Robert B. Pamplin, Jr. School of Business Administration; University of Massachusetts Amherst - Isenberg School of Management - Department of Finance and Operations Management

Date Written: August 1, 2010

Abstract

In this paper, we consider fashion supply chain management through cost and time minimization, from a network perspective and in the case of multiple fashion products. We develop a multicriteria decision-making optimization model subject to multimarket demand satisfaction, and provide its equivalent variational inequality formulation. The model allows for the determination of the optimal multiproduct fashion flows associated with the supply chain network activities, in the form of: manufacturing, storage, and distribution, and identi es the minimal total operational cost and total time consumption.The model allows the decision-maker to weight the total time minimization objective of the supply chain network for the time-sensitive fashion products, as appropriate. Furthermore, we discuss potential applications to fashion supply chain management through a series of numerical examples.

Keywords: Fashion Supply Chain, Fast Fashion, Network Economics, Multiple Products, Time- Sensitive Products, Multicriteria Decision-Making, Total Cost Minimization, Time Performance, Optimization

Suggested Citation

Nagurney, Anna and Yu, Min, Fashion Supply Chain Management Through Cost and Time Minimization from a Network Perspective (August 1, 2010). FASHION SUPPLY CHAIN MANAGEMENT: INDUSTRY AND BUSINESS ANALYSIS, Jason Choi, ed., IGI Global, Hershey, PA, Forthcoming, Available at SSRN: https://ssrn.com/abstract=1665076

Anna Nagurney

University of Massachusetts Amherst - Isenberg School of Management - Department of Operations and Information Management ( email )

Amherst, MA 01003-4910
United States

Min Yu (Contact Author)

University of Portland - Dr. Robert B. Pamplin, Jr. School of Business Administration

Portland, OR 97203
United States

University of Massachusetts Amherst - Isenberg School of Management - Department of Finance and Operations Management

Department of Operations and Information Managemen

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