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Clearance chain design: strategies selection and unsold inventory allocation

Author

Listed:
  • Rihab Mechmech
  • Slim Harbi
  • Atidel B. Hadj-Alouane
  • Sami Sboui

Abstract

The management of unsold inventory represents a significant issue for many retailers, wholesalers and manufacturers. Evaluating the various inventory clearance strategies, particularly in terms of business risk and performance represents a challenge that reaches well beyond the operational level. In this paper, a structured approach is developed to aid in the clearance chain decision-making process. The proposed approach uses the analytic hierarchy process (AHP) to select a clearance strategy with a focus on risk and performance indicators. AHP allows both quantitative and qualitative criteria to be considered. As for the unsold inventory allocation problem, a multi-objective optimisation method was adopted. The paper includes a discussion on managerial insights for clearance chain design where results give opportunities for future research.

Suggested Citation

  • Rihab Mechmech & Slim Harbi & Atidel B. Hadj-Alouane & Sami Sboui, 2022. "Clearance chain design: strategies selection and unsold inventory allocation," International Journal of Logistics Systems and Management, Inderscience Enterprises Ltd, vol. 41(1/2), pages 145-170.
    • Handle: RePEc:ids:ijlsma:v:41:y:2022:i:1/2:p:145-170
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