OPTIMIZING INVENTORY REPLENISHMENT AND SHELF SPACE MANAGEMENT IN RETAIL STORES
Published In: 2ND INTERNATIONAL CONFERENCE ON ADVANCES IN SOCIAL SCIENCE, ECONOMICS AND MANAGEMENT STUDY
Author(s): ALYAA ABOUALI , M. NASHAT FORS , NERMINE HARRAZ
Abstract: The retail stores put up for sale multiple items while the spaces in the backroom and display areas constitute a scarce resource. Availability, volume, and location of the product displayed in the showroom influence the customer’s demand. Managing these operations individually will result in sub-optimal overall retail store’s profit; therefore, a non-linear integer programming model (NLIP) is developed to determine the inventory replenishment and shelf space allocation decisions that together maximize the retailer’s profit under shelf space and backroom storage constraints taking into consideration that the demand rate is positively dependent on the amount and location of items displayed in the showroom. The developed model is solved using LINGO® software. The NLIP model is implemented in a real world case study in a large retail outlet providing a large variety of products. The proposed model is validated and shows logical results when using the experimental data collected from the ma
- Publication Date: 17-Nov-2014
- DOI: 10.15224/978-1-63248-052-1-87
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RELATIONSHIP BETWEEN MANAGERIAL COMPETENCIES OF OWNERS/MANAGERS OF EMERGING TECHNOLOGY FIRMS AND BUSINESS PERFORMANCE: A CASE OF INTERNET CAFÉS IN MANGAUNG PROVINCE IN SOUTH AFRICA
Published In: 2ND INTERNATIONAL CONFERENCE ON ADVANCES IN SOCIAL SCIENCE, ECONOMICS AND MANAGEMENT STUDY
Author(s): NALEDI MAKHALEMELE , PATIENT RAMBE
Abstract: This study examines the relationship between managerial competencies of manager/owners and the performance of emerging internet firms in the Mangaung Metropolitan Municipality in the Free State region, South Africa. Despite the growing body of literature on the impact of specific entrepreneurial traits of managers/owners on the performance of small firms in developed economies, little is known about the contribution of managerial competencies of managers/owners of emerging internet firms to the success of these firms in emerging African economies. Since the Global Entrepreneurial Monitor South Africa Reports (2010, 2012, 2013) attribute the failure of most emerging businesses (i.e. in their first three years of existence) to the “managerial competency problem,” an investigation into the effects of managerial competencies on the performance of small emerging internet businesses is critical to locating the strategic levers that potentially optimise the growth and sustainability of these
- Publication Date: 17-Nov-2014
- DOI: 10.15224/978-1-63248-052-1-129
- Views: 0
- Downloads: 0