Using a newsvendor model for demand planning of NFL replica jerseys
Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2004.
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| Format: | Thesis |
| Language: | en_US |
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Massachusetts Institute of Technology
2005
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| Online Access: | http://hdl.handle.net/1721.1/28506 |
| _version_ | 1826210222247510016 |
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| author | Parsons, John C. W. (John Charles Wilfred), 1976- |
| author2 | Stephen C. Graves. |
| author_facet | Stephen C. Graves. Parsons, John C. W. (John Charles Wilfred), 1976- |
| author_sort | Parsons, John C. W. (John Charles Wilfred), 1976- |
| collection | MIT |
| description | Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2004. |
| first_indexed | 2024-09-23T14:46:23Z |
| format | Thesis |
| id | mit-1721.1/28506 |
| institution | Massachusetts Institute of Technology |
| language | en_US |
| last_indexed | 2024-09-23T14:46:23Z |
| publishDate | 2005 |
| publisher | Massachusetts Institute of Technology |
| record_format | dspace |
| spelling | mit-1721.1/285062019-04-11T06:04:42Z Using a newsvendor model for demand planning of NFL replica jerseys Parsons, John C. W. (John Charles Wilfred), 1976- Stephen C. Graves. Massachusetts Institute of Technology. Engineering Systems Division. Massachusetts Institute of Technology. Engineering Systems Division. Engineering Systems Division. Thesis (M. Eng. in Logistics)--Massachusetts Institute of Technology, Engineering Systems Division, 2004. Includes bibliographical references. The thesis addresses the inventory planning process for NFL Replica jerseys. The analysis is conducted from the perspective of the manufacturer's North American distribution center, and how flexibility can be employed to meet customer demands. NFL replica jerseys can be stocked either completed with player name and number, called "dressed" or as "blank" jerseys that can be customized at the distribution center. Player demand can change drastically from year to year. The result is that common practice is to minimize inventory at year-end, and treat each season as a single period. The approach taken utilizes the newsvendor model to determine the optimal stocking levels of replica jerseys given an expected demand forecast. Two modeling approaches were compared, the traditional newsvendor problem and a newsvendor model with risk pooling. The traditional newsvendor problem separated selected players to order as dressed jerseys and remaining demand to order as "blank" jerseys. The second approach, the newsvendor with risk pooling, provides a more flexible inventory plan that satisfies selected player demand using a combination of dressed and blank jerseys. The newsvendor model with risk pooling resulted in the higher expected profits then the traditional newsvendor model, and comparable service levels, but at much lower inventory levels. by John C.W. Parsons. M.Eng.in Logistics 2005-09-26T20:55:21Z 2005-09-26T20:55:21Z 2004 2004 Thesis http://hdl.handle.net/1721.1/28506 57340954 en_US M.I.T. theses are protected by copyright. They may be viewed from this source for any purpose, but reproduction or distribution in any format is prohibited without written permission. See provided URL for inquiries about permission. http://dspace.mit.edu/handle/1721.1/7582 76 leaves 4012287 bytes 4020140 bytes application/pdf application/pdf application/pdf Massachusetts Institute of Technology |
| spellingShingle | Engineering Systems Division. Parsons, John C. W. (John Charles Wilfred), 1976- Using a newsvendor model for demand planning of NFL replica jerseys |
| title | Using a newsvendor model for demand planning of NFL replica jerseys |
| title_full | Using a newsvendor model for demand planning of NFL replica jerseys |
| title_fullStr | Using a newsvendor model for demand planning of NFL replica jerseys |
| title_full_unstemmed | Using a newsvendor model for demand planning of NFL replica jerseys |
| title_short | Using a newsvendor model for demand planning of NFL replica jerseys |
| title_sort | using a newsvendor model for demand planning of nfl replica jerseys |
| topic | Engineering Systems Division. |
| url | http://hdl.handle.net/1721.1/28506 |
| work_keys_str_mv | AT parsonsjohncwjohncharleswilfred1976 usinganewsvendormodelfordemandplanningofnflreplicajerseys |