A new analytical framework of agile supply chain strategies

Research output: Contribution to journalArticle

3 Citations (Scopus)

Abstract

Today, fashion market is dynamic and stochastic. Customers' tastes are often influenced by the mood of the moment and fluctuate over time. As Christopher, Lowson and Peck (2004) pointed out, fashion market is 'chaotic' with the four characteristics (short life-cycles, high volatility, low predictability, and high impulse purchasing). Corresponding to such characteristics, it is increasingly important for the fashion retailers to react quickly and effectively to the changing markets. The present paper formulating the agile fashion supply chain system by making use of the optimal stopping theory, develops the agile strategy of a fashion retailer.

Original languageEnglish
Pages (from-to)345-359
Number of pages15
JournalInternational Journal of Agile Systems and Management
Volume2
Issue number4
DOIs
Publication statusPublished - 2007 Jan 1

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Keywords

  • Agile supply chain system
  • Complementarity
  • Fashion retailing
  • Geometric Brownian motion
  • Optimal stopping theory

ASJC Scopus subject areas

  • Computer Science (miscellaneous)
  • Engineering (miscellaneous)
  • General
  • Industrial and Manufacturing Engineering

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