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Fashion merchandising is one of the most complicated problems in forecasting, given the transient nature of trends in colours, prints, cuts, patterns, and materials in fashion, the economies of scale achievable only in bulk production, as…

其他计算机科学 · 计算机科学 2019-07-04 Pawan Kumar Singh , Yadunath Gupta , Nilpa Jha , Aruna Rajan

What is the future of fashion? Tackling this question from a data-driven vision perspective, we propose to forecast visual style trends before they occur. We introduce the first approach to predict the future popularity of styles discovered…

计算机视觉与模式识别 · 计算机科学 2020-08-11 Ziad Al-Halah , Rainer Stiefelhagen , Kristen Grauman

The fashion industry is one of the most active and competitive markets in the world, manufacturing millions of products and reaching large audiences every year. A plethora of business processes are involved in this large-scale industry, but…

计算机视觉与模式识别 · 计算机科学 2022-11-10 Geri Skenderi , Christian Joppi , Matteo Denitto , Marco Cristani

Accurate demand forecasting in the retail industry is a critical determinant of financial performance and supply chain efficiency. As global markets become increasingly interconnected, businesses are turning towards advanced prediction…

机器学习 · 计算机科学 2023-08-24 Md Sabbirul Haque , Md Shahedul Amin , Jonayet Miah

Retail sales and price projections are typically based on time series forecasting. For some product categories, the accuracy of demand forecasts achieved is low, negatively impacting inventory, transport, and replenishment planning. This…

机器学习 · 计算机科学 2023-06-14 Shaun D'Souza , Dheeraj Shah , Amareshwar Allati , Parikshit Soni

Grocery retailers frequently apply price discounts to stimulate demand for expiring perishables. However, integrating these discounted sales into future demand forecasts presents a significant challenge. This study investigates the…

综合经济学 · 经济学 2026-02-05 David Winkelmann , Theresa Elbracht , Jonas Brenker , Arnold Gerzen

Fashion discounters face the problem of ordering the right amount of pieces in each size of a product. The product is ordered in pre-packs containing a certain size-mix of a product. For this so-called lot-type design problem, a stochastic…

最优化与控制 · 数学 2016-03-26 Miriam Kießling , Tobias Kreisel , Sascha Kurz , Jörg Rambau

One key requirement for effective supply chain management is the quality of its inventory management. Various inventory management methods are typically employed for different types of products based on their demand patterns, product…

机器学习 · 计算机科学 2020-11-17 Elham Taghizadeh

Demand forecasting in the online fashion industry is particularly amendable to global, data-driven forecasting models because of the industry's set of particular challenges. These include the volume of data, the irregularity, the high…

We study a problem of an online retailer who observes the unit sales of a product, and dynamically changes the retail price, in order to maximize the expected revenue. Assuming the demand of the product is price sensitive, we are interested…

系统与控制 · 电气工程与系统科学 2021-06-17 Chengcheng Liu , Mátyás A. Sustik

Forecasting enterprise-wide revenue is critical to many companies and presents several challenges and opportunities for significant business impact. This case study is based on model developments to address these challenges for forecasting…

统计方法学 · 统计学 2022-06-07 Anna K. Yanchenko , Graham Tierney , Joseph Lawson , Christoph Hellmayr , Andrew Cron , Mike West

This paper investigates a multi-product stochastic inventory problem in which a cash-constrained online retailer can adopt order-based loan provided by some Chinese e-commerce platforms to speed up its cash recovery for deferred revenue. We…

最优化与控制 · 数学 2020-12-10 Zhen Chen , Ren-qian Zhang

Predictive modeling and time-pattern analysis are increasingly critical in this swiftly shifting retail environment to improve operational efficiency and informed decision-making. This paper reports a comprehensive application of…

计算工程、金融与科学 · 计算机科学 2024-10-08 Sri Darshan M , Jaisachin B , NithinRaj N

Fashion is a multi-billion dollar industry with social and economic implications worldwide. To gain popularity, brands want to be represented by the top popular models. As new faces are selected using stringent (and often criticized)…

计算机与社会 · 计算机科学 2017-03-07 Jaehyuk Park , Giovanni Luca Ciampaglia , Emilio Ferrara

Generating accurate and reliable sales forecasts is crucial in the E-commerce business. The current state-of-the-art techniques are typically univariate methods, which produce forecasts considering only the historical sales data of a single…

机器学习 · 计算机科学 2019-08-13 Kasun Bandara , Peibei Shi , Christoph Bergmeir , Hansika Hewamalage , Quoc Tran , Brian Seaman

When modeling the demand in revenue management systems, a natural approach is to focus on a canonical interval of time, such as a week, so that we forecast the demand over each week in the selling horizon. Ideally, we would like to use…

最优化与控制 · 数学 2024-09-09 Weiyuan Li , Paat Rusmevichientong , Huseyin Topaloglu

Accurate demand forecasting is one of the key aspects for successfully managing restaurants and staff canteens. In particular, properly predicting future sales of menu items allows a precise ordering of food stock. From an environmental…

应用统计 · 统计学 2021-07-14 Konstantin Posch , Christian Truden , Philipp Hungerländer , Jürgen Pilz

We use customer demand data for fashion articles on Myntra, and derive a fashionability or style quotient, which represents customer demand for the stylistic content of a fashion article, decoupled with its commercials (price, offers,…

信息检索 · 计算机科学 2018-07-13 Aniket Jain , Yadunath Gupta , Pawan Kumar Singh , Aruna Rajan

Connecting consumers with relevant products is a very important problem in both online and offline commerce. In physical retail, product placement is an effective way to connect consumers with products. However, selecting product locations…

人工智能 · 计算机科学 2020-01-13 Porter Jenkins , Hua Wei , J. Stockton Jenkins , Zhenhui Li

This paper proposes a novel method for demand forecasting in a pricing context. Here, modeling the causal relationship between price as an input variable to demand is crucial because retailers aim to set prices in a (profit) optimal manner…

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