Allocation in Retail


#1

What is mean by inventory allocation in Retail and what algorithms should I start looking for if have to do inventory allocation in retail.? Can someone suggest any article or research paper to read on this as well?

Nishiket


#2

Hi @NISHIKET

Inventory management is a question of optimisation. In case of retail that is multiple places (shops) and perhaps Vendor Manage Inventory (you have multiple way to do in retails) it is a mix of rule bases, integer programing ( as you could face the traveler sales man problem) and reinforcement learning (could be). Some people companies used neural network as well.

In few words, check more in the optimisation space,

Hope this help a little.

Alain


#3

Thanks Alain, this really helps
Nishiket