FashionSupplyChainManagementThroughCostandTime.pdfVIP

Fashion Supply Chain Management Through Cost and Time Minimization from a Network Perspective Anna Nagurney and Min Yu Department of Finance and Operations Management Isenberg School of Management University of Massachusetts Amherst, Massachusetts 01003 August 2010; revised September 2010 In: Fashion Supply Chain Management: Industry and Business Analysis ,2011, T.-M. Choi, Editor, IGI Global, Hershey, PA, pp. 1-20. 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 de- mand 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 identifies the minimal total operational cost and total time consumption. The model allows the decision-maker to weigh 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. Key words: fashion supply chain, fast fashion, network economics, multiple products, time- sensitive products, multicriteria decision-making, total cost minimization, time performance, optimization 1 1. Introduction In recent deca