Journal ArticleDOI
Profit maximizing through 3D shelf space allocation of 2D display orientation items with variable heights of the shelves
Masoud Rabbani,Navid Salmanzadeh-Meydani,Amir Farshbaf-Geranmayeh,Amir Farshbaf-Geranmayeh,Vahed Fadakar-Gabalou +4 more
TLDR
Two display orientations for the items are considered and each orientation can have a different effect on selling the product and the total inventory and inventory of each product in the store can be obtained by considering the third dimension.Abstract:
In this paper, a shelf retail decision making model is proposed and examined the effect of different factors such as vertical and horizontal location, product cross elasticity, the number of items in eye-level, etc. The success of a retailer depends on his/her ability to adapt environmental changes through continuous decision making about how much and which product, should be placed from which horizontal level of which shelf, and with what display orientation. In this paper, shelves are considered 3-dimensionally, and in addition to the length and width of the shelves, the depth of the shelves is also effective in decision making. The height of the shelves has been considered as a variable, and its optimal value would be obtained by solving the proposed mathematical model. Considering the third dimension of shelf makes it possible to use the back space of shelves for the purpose of holding the inventory. In this paper, two display orientations for the items are considered and each orientation can have a different effect on selling the product. Items can be stacked on the shelves, but the note is that it is not possible to stack some of the item. By considering the third dimension, the total inventory and inventory of each product in the store can be obtained. For solving the model, genetic algorithm (GA) is proposed and the Taguchi method is applied for tuning parameter of the GA.read more
Citations
More filters
Journal ArticleDOI
Retail shelf space planning problems: A comprehensive review and classification framework
TL;DR: A classification framework is proposed to systematise the research into a set of sub-problems, followed by a unified approach with a univocal notation of model classes, focusing on optimisation models.
Journal ArticleDOI
A Shelf-Space Optimization Model When Demand is Stochastic and Space-Elastic
Alexander Hübner,Kai Schaal +1 more
TL;DR: In this paper, the authors develop a model to maximize a retailer's profit by selecting the number of facings and their shelf position under the assumption of limited space, which is particularly applicable to promotional or temporary products.
Journal ArticleDOI
Integrated planning for product selection, shelf-space allocation, and replenishment decision with elasticity and positioning effects
Gwang Kim,Ilkyeong Moon +1 more
TL;DR: This research proposes two heuristic algorithms (tabu search and genetic) to solve the MINLP problem and shows the effectiveness and efficiency of these algorithms by comparing the outputs to the MIN LP optimal solution for small data sets and comparing the algorithm performances for large data sets.
Journal ArticleDOI
Exact optimization and decomposition approaches for shelf space allocation
TL;DR: In this article , the authors consider the shelf space allocation problem with additional features (e.g., integer facings, rectangular arrangement restrictions) motivated by literature and their interactions with a local bookstore and determine optimal number of facings of all products in two aspects (width and height of a rectangular arrangement space for each product), and allocate them as contiguous rectangles to maximize profit.
Journal ArticleDOI
Exact optimization and decomposition approaches for shelf space allocation
TL;DR: This exact 2-stage IP1/IP2 solution approach can be effective in solving similar problems such as display problem of webpage design, allocation of product families in grocery stores, and flyer advertising.
References
More filters
Book
Taguchi's Quality Engineering Handbook
TL;DR: The taguchis quality engineering handbook as mentioned in this paper is an on-line book provided in this website and it can be used to read more and get a great quality engineering book.
Journal ArticleDOI
Shelf management and space elasticity
TL;DR: It is found that location had a large impact on sales, whereas changes in the number of facings allocated to a brand had much less impact as long as a minimum threshold (to avoid out-of-stocks) was maintained.
Journal ArticleDOI
An inventory-theoretic approach to product assortment and shelf-space allocation
TL;DR: In this article, a greedy heuristic and a genetic algorithm are proposed for the solution to the integrated problem of inventory-level-dependent demand inventory model and product assortment and shelf-space allocation.
Journal ArticleDOI
A Model for Determining Retail Product Category Assortment and Shelf Space Allocation
TL;DR: In this article, a category management model is developed to aid retailers in the space constrained decisions of which products to stock (assortment) and how much shelf space to allocate to those products, formulated as a constrained optimization problem with two basic decision variables: assortment and allocation of space to the items in the assortment.
Journal ArticleDOI
The Relationship between Shelf Space and Unit Sales in Supermarkets
TL;DR: In this article, the impact of shelf space changes on unit sales was studied and space elasticity was hypothesized to be a function of several product-specific variables, including physical properties, merchandising c...