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

Fashion Supply Chain Management through Cost and Time Minimization from a Network Perspective
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Author(s): Anna Nagurney (University of Massachusetts Amherst, USA) and Min Yu (University of Massachusetts Amherst, USA)
Copyright: 2012
Pages: 20
Source title: Fashion Supply Chain Management: Industry and Business Analysis
Source Author(s)/Editor(s): Tsan-Ming Choi (The Hong Kong Polytechnic University, Hong Kong)
DOI: 10.4018/978-1-60960-756-2.ch001

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Abstract

In this chapter, 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 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.

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