文献类型：期刊文献

英文题名：Benefits of RFID technology for reducing inventory shrinkage

作者：Fan, Ti-Jun[1,2];Chang, Xiang-Yun[1,2];Gu, Chun-Hua[2];Yi, Jian-Jun[2];Deng, Sheng[1,2]

机构：[1]E China Univ Sci & Technol, Sch Business, Shanghai 200237, Peoples R China;[2]E China Univ Sci & Technol, Res Ctr Virtual Business, Shanghai 200237, Peoples R China

年份：2014

卷号：147

期号：PART C

起止页码：659

外文期刊名：INTERNATIONAL JOURNAL OF PRODUCTION ECONOMICS

收录：;EI(收录号：20135017087754);WOS:【SCI-EXPANDED(收录号:WOS:000329880400009)】；

基金：This work was supported by the National Natural Science Foundation of China (70871038, 71171082, 71102068, 71001039), Program for New Century Excellent Talents in University (NCET-11-0637), the Shanghai Pujiang Project, and the Fundamental Research Funds for the Central Universities. The authors also wish to acknowledge the helpful comments provided by anonymous referees.

语种：英文

外文关键词：RFID; Inventory shrinkage; Newsvendor model

摘要：Inventory shrinkage is prevalent in many industries. Radio Frequency Identification (RFID) technology has been regarded as a promising solution for inventory inaccuracy. Many retailers endeavor to push their suppliers to adopt this technology. This paper considers the situation of a retailer subject to inventory inaccuracies stemming from shrinkage problems. We apply a newsvendor model to analyze how to reduce inventory shrinkage problems by deploying RFID. We study two scenarios for managing an inventory system with shrinkage problems. In the first scenario, the retailer optimizes its operations only by taking into account the inventory shrinkage problems. In the second scenario, the retailer further improves its operations by deploying RFID. We analyze inventory shrinkage problems by optimizing order quantities and expected profits in consideration with the effect of the available rate of ordering quantity, RFID read rate improvement, and the tag price, respectively. The results show that whether the retailer deploys RFID depends on the relative value of the available rate of ordering quantity and RFID read rate improvement. We also present a formulation of the threshold value of tag cost which makes the deployment of RFID cost-effective. Crown Copyright (C) 2013 Published by Elsevier B.V. All rights reserved.