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
Date Written: August 1, 2010
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 identies 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
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