A two stage approach for off-price retailers selection

Unsold inventory management and off-price retailers’ selection for multiple items

“…The selection of the best clearance partners, also called ORs retailers, based on relevant, well-defined, and effective criteria is one of the most crucial decisions that contribute to the success of the clearance chain process. This research presents an extension of the conducted work by Mechmech et al (2020) to the multi-item context. A framework for clearance partner selection.…”

“…The third objective (3) minimizes the firm's payment delay. In Mechmech et al (2020), objectives (2) and (3) were introduced as constraints in the model. In the present work, all three objectives are considered according to a lexicographical order.…”

“…The company's management has identified eight potential ORs. The risk performance evaluation of the ORs using the fuzzy AHP method are taken from the work of Mechmech et al (2020). The weights of the main criteria are presented in Table 5, and the ones related to the sub-criteria of the performance and risk are respectively presented in Tables 6 and 7.…”

“…Collaborating with a reliable external partner is considered Engineering and Operations Management, Johor Bahru, Malaysia, September 13-15, 2022 as the key factor to a successful and sustainable partnership. Mechmech et al (2020) introduce several criteria ensuring the clearance partner selection, also called the "Off-Price retailers". In the present work, a framework for selecting the right partners is developed.…”

“…In the present work, a framework for selecting the right partners is developed. Moreover, the mathematical model developed by Mechmech et al (2020) is extended to the multi-product case. Finally, the solution approach will be based on a lexicographic optimization using the CPLEX software.…”