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Bidding Enabled Inventory Redistribution In A Retail Network, Hafsa Binte Mohsin

Industrial, Manufacturing, and Systems Engineering Dissertations

This research aspires to develop a systematic approach to minimize the demand and supply gap of products and product expiration in a feasible way. Inventory replenishment policy, uncertain customer demand, and forecast inaccuracy are some of the reasons that create imbalanced stocks in the outlets. Lateral transshipment or redistribution, donation, and promotion have been discussed in the existing literature separately as ways to balance and utilize inventory. Redistribution needs to account for extra transportation costs due to stock transfer. Existing literature on redistribution fails to address products’ physical attributes, valuation of products as a function of time, and constraint on …