Quick response in fashion supply chains with dual information updating

IEEE Transactions on Engineering Management, in press. Optimal Scheduling, Coordination and the Value of RFID Technology in Garment Manufacturing Supply Chains. International Journal of Production Economics, in press. Online-Offline Fashion Franchising Supply Chains without Channel Conflicts: Choices on Postponement and Contracts. This is an open access article distributed under the Creative Commons Attribution License, which permits unrestricted use, distribution, and reproduction in any medium, provided the original work is properly cited.We analytically explore in this paper the consumer return policy under fashion mass customization (MC) program.In the face of these trends, leading fashion retailers are building competitive advantage by redesigning and adapting their supply chains to best meet their individual strategies.

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However, there is a limit for quick response in which the market demand forecast is never fully accurate and uncertainty can never be fully eliminated.We employ the mean-risk framework to incorporate the retailer’s risk averse behavior into the optimization model.With the focal point on uncovering the impacts brought by the retailer’s risk averse behavior to the quick response fashion supply chain system, we analytically derive important theoretical insights regarding the retailer’s optimal decisions, the implied inventory service levels, the values of quick response, and the contractual arrangements to attain Pareto improvement when the retailer is risk averse. Optimal Reservation Pricing Strategy for a Fashion Supply Chain with Forecast Update and Asymmetric Cost Information. International Journal of Production Economics, 185, 89-99.