Modeling inventory inaccuracy and demand deviation to assess the value of RFID

International Journal of Operations and Quantitative Management

Volumn 15, Issue 3, 2009, Pages 157-172

  Bai, Lihui ^a   Szmerekovsky, Joseph ^b   Zhang, Jiang ^c  

^a VALPARAISO UNIVERSITY   (United States)

^b NORTH DAKOTA STATE UNIVERSITY   (United States)

^c ADELPHI UNIVERSITY   (United States)

Author keywords

Demand distortion; Inventory inaccuracy; Newsvendor model; Radio frequency identification; Supply chain management

Indexed keywords

EID: 77949569839     PISSN: 10821910     EISSN: None     Source Type: Journal    
DOI: None     Document Type: Article

References (25)

1. Atali, A., H. Lee, Ö. Özer. 2005. If the inventory manager knew: value of RFID under imperfect inventory information. Working Paper, Stanford University.
2. Camdereli, A., J. M. Swaminathan. 2005. Coordination of a supply chain under misplace inventory. Working paper, Kenan-Flagler Business School, University of North Carolina, Chapel Hill, NC.
3. DeHoratius, N. 2005. Inventory record inaccuracy in retail supply chain. POMS Chronicle 12(1), 12-14.
4. DeHoratius, N., A. Raman. 2008. Inventory record inaccuracy: an empirical analysis. Management Science 54(4), 627-641.
5. DeHoratius, N., A. Mersereau, L. Schrage. 2008. Retail inventory management when records are inaccurate, Manufacturing & Service Operations Management 10(2), 257-277.
6. Dutta, A., H. L. Lee, S. Whang. 2007. RFID and operations management: technology, value, and incentives. Production and Operations Management 16(5), 646-655.
7. Fleisch, E., C. Tellkamp. 2005. Inventory inaccuracy and supply chain performance: a simulation study of a retail supply chain. International Journal of Production Economics, 95 373-385.
8. Gaukler, G. M., R. W. Seifert, W. H. Hausman. 2007. Item-level RFID in the retail supply chain, Production and Operations Management 16(1) 65-76.
9. Hardley, S. W. 2004. Safety inventory analysis: why and how? Strategic Finance September, 27-33.
10. He, Y., J. Zhang. 2008. Random yield risk sharing in a two-level supply chain. International Journal of Production Economics 112, 769-781.
11. Heese H. S. 2007. Inventory record inaccuracy, double marginalization, and RFID adoption. Production and Operations Management 16(5) 542-553.
12. Iglehart, D. L., R. C. Morey. 1972. Inventory systems with imperfect asset information. Management Science 18, B388-B394.
13. Kang, Y., S. G. Gershwin. 2005. Information inaccuracy in inventory systems: stock loss and stockout. IIE Transactions 37(9) 843-859.
14. Kazaz, B. 2004. Production planning under yield and demand uncertainty with yield-dependent cost and price. Manufacturing & Service Operations Management 6(3), 209-224.
15. Kök, A. G., K. H. Shang. 2007. Inspection and replenishment policies for systems with inventory record inaccuracy. Manufacturing & Service Operations Management 9(2) 185-205.
16. Lee, H., Ö. Özer. 2007. Unlocking the value of RFID. Production and Operations Management 16(1), 40-64.
17. Raman, A., N. DeHoratius, Z. Ton. 2001. Execution: the missing link in retail operations. California Management Review 43(3) 136-152.
18. Rekik, Y., Z. Jemai, E. Sahin, Y. Dallery. 2007. Improving the performance of retail stores subject to execution errors: coordination versus RFID technology. OR Spectrum 29(4) 507-626.
19. Rekik, Y., E. Sahin, Y. Dallery. 2008. Analysis of the impact of the RFID technology on reducing product misplacement errors at retail stores. International Journal of Production Economics 112(1) 264-278.
20. Sheppard, G. M., K. A. Brown. 1993. Predicting inventory record-keeping errors with discriminant analysis: A field experiment. International Journal of Production Economics 32, 32-51.
21. Szmerekovsky, J. G. and J. Zhang. 2008a. Coordination and Adoption of Item- Level RFID with Vendor Managed Inventory. International Journal of Production Economics 114(1), 388-398.
22. Szmerekovsky, J. G., J. Zhang. 2008b. The effect of supply chain contracts on supplier and retailer costs and benefits in an RFID system. T. Blecker and G. Huang, eds. RFID in operations and supply chain management: research and applications, Vol. 6, 355-376. Erich Schmidt Verlag, Germany.
23. Wilding, R., T. Delgado. 2004. RFID-applications within the supply chain. Supply Chain Practice 6(2) 30-43.
24. Wang, Y., Y. Gerchak. 2000. Input control in a batch production system with lead times, due dates and random yields. European Journal of Operations Research 126(2), 371-385.
25. Yano, C. A., H. Lee. 1995. Lot sizing with random yields: A review. Operations Research 43 (2), 311-334.