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Fashion Retail Supply Chain Management
book

Fashion Retail Supply Chain Management

by Tsan-Ming Choi
May 2014
Intermediate to advanced content levelIntermediate to advanced
122 pages
4h 18m
English
CRC Press
Content preview from Fashion Retail Supply Chain Management
74 Fashion Retail Supply Chain Management
Proposition 5.1. Under Scenario One: The new product i with the largest ¯µ
i,(1)
leads
to the largest EP
i,R,(1)
, EP
i,M,(1)
and EP
i,SC,(1)
for all i =1, 2, ..., n.
Proof of Proposition 5.1: From (5.4), we observe that EP
i,R,(1)
=(r w) ¯µ
i,(1)
(r v)σφ
1
r w
r v

. Since, (r w) is positive and (r v)σφ
1
r w
r v

is the same
for all new products under consideration, a larger ¯µ
i,(1)
implies a larger EP
i,R,(1)
. From
(5.4), we notice that EP
i,M,(1)
=(w c)
¯µ
i,(1)
+ σ
1
r w
r v

. Thus, with the similar
argument for the case of EP
i,R,(1)
, the new product i with the highest expected mean
demand ¯µ
i,(1) ...
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Publisher Resources

ISBN: 9781138000285